'Full employment output' diaporamas de présentation

Price Levels and the Exchange Rate in the Long Run

Price Levels and the Exchange Rate in the Long Run. Lecture Notes on Ch. 15 of Krugman and Obstfeld, 7 th Ed. Udayan Roy, December 2008. Purchasing Power Parity. The simplest theory of prices and exchange rates for the long run is (absolute) purchasing power parity. The Real Exchange Rate.

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Keynesian Foundations of Modern Macroeconomics

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Fiscal Policy: The Keynesian View and Historical Perspective

Fiscal Policy: The Keynesian View and Historical Perspective. The Great Depression, Macroeconomics, and the Keynesian View. The Great Depression and Macroeconomics. The Great Depression exerted a huge impact on macroeconomics .

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Unemployment

Unemployment. Chapter 11. Economic Concepts. Labor force Frictional unemployment Structural unemployment Cyclical unemployment Unemployment rate Marginal propensity to consume Marginal propensity to save Investment multiplier Aggregate supply and demand Leakages and injections.

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Unemployment

Unemployment. Chapter 11. Economic Concepts. Labor force Frictional unemployment Structural unemployment Cyclical unemployment Unemployment rate Marginal propensity to consume Marginal propensity to save Investment multiplier Aggregate supply and demand Leakages and injections.

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Inflation

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Economics of International Finance Econ. 315

Economics of International Finance Econ. 315. Chapter 6 Open Economy Macroeconomics: Adjustment Policies. Introduction Adjustment policies used to achieve full employment with price stability and equilibrium in BOP are examined in this chapter.

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ECON 100 Tutorial: Week 15

ECON 100 Tutorial: Week 15. www.lancaster.ac.uk/postgrad/alia10/ a.ali11@lancaster.ac.uk office hours: 3:45PM to 4:45PM tuesdays LUMS C85. Keynesian Cross Diagram. Last week we calculated GDP using the expenditure method where GDP = Aggregate Expenditure (AE) = C + I + G + NX.

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Real GDP Growth in the United States

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1 Although we normally think that increased immigration will reduce

1 Although we normally think that increased immigration will reduce wages, what factors could cause increased immigration to raise wages? Immigration Affects Both the Demand and Supply for Labor 2 Why are differences in the amount of labor supply across countries an

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1 Although we normally think that increased immigration will reduce

1 Although we normally think that increased immigration will reduce wages, what factors could cause increased immigration to raise wages? Immigration Affects Both the Demand and Supply for Labor 2 Why are differences in the amount of labor supply across countries an

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April 14, 2014

April 14, 2014. The Phillips Curve Return & Review Fiscal Policy FRQ Quiz & Unit Exam Unit Study Guide Return All Other work Unit IV Exam: Thursday, April 17. The Phillips Curve. Shows the inverse relationship between the unemployment rate and the inflation rate. DEMAND-PULL INFLATION.

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The Classical Long-Run Model

The Classical Long-Run Model. Classical Model. A macroeconomic model that explains the long-run behavior of the economy. Classical model was developed by economists in 19th and early 20 th , to explain a key observation about economy.

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MACROECONOMIC EQUILIBRIUM THE MULTIPLIER EFFECT

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AD-AS Short Run

AD-AS Short Run. Building the short run AD-AS model from the IS-LM framework. Theory of Short Run Fluctuations. The IS curve is generated from the Keynesian Cross and the LM curve is generated from the market for real money balances.

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AD-AS Short Run

AD-AS Short Run. Building the short run AD-AS model from the IS-LM framework. Theory of Short Run Fluctuations. The IS curve is generated from the Keynesian Cross and the LM curve is generated from the market for real money balances.

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AP Macroeconomics by David Mayer tw.neisd/webpages/dmayer/files/presentation%20resources.htm

AP Macroeconomics by David Mayer http://tw.neisd.net/webpages/dmayer/files/presentation%20resources.htm. The AS/AD Model. The AS/AD Model. The equilibrium of AS & AD determines current output (GDP R ) and the price level (PL). LRAS. SRAS. PL. P. AD. Y F. GDP R. Full Employment.

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Aggregate Supply

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