Macroeconomic Principles

adjective relating to or advocating policies of austerity, especially drastic ones

• The government's austerian policies aimed to reduce the national debt.
• I heard that the new finance minister is quite austerian.
• Don't be such an austerian, let's loosen up the budget a bit.
• His austerian mindset kept him from enjoying the simple pleasures in life.

noun a principle in economics that suggests that an increase in demand for goods will lead to an increase in production to meet that demand

• The acceleration principle states that an increase in demand for goods will lead to an even greater increase in investment.
• According to the acceleration principle, when people want more stuff, businesses invest more to make it.
• The acceleration principle basically says that when people start buying more, companies start making more.
• Just like a snowball rolling downhill, the acceleration principle shows how demand can quickly build upon itself.