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Aggregate Supply and Aggregate Demand

Aggregate Supply and Aggregate Demand

13. Aggregate Supply and Aggregate Demand. CHECKPOINTS. Checkpoint 13.1. Checkpoint 13.2. Checkpoint 13.3. Problem 1. Problem 1. Clicker version. Problem 1. Clicker version. Problem 2. Problem 2. Clicker version. Problem 2. Problem 3. Clicker version. Problem 3. Problem 4.

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1.01k views • 43 slides
Macroeconomics Final Exam Review

Macroeconomics Final Exam Review

Macroeconomics Final Exam Review. Macroeconomics Final Exam Review. 1. The ratio at which two nations will exchange two goods is: (comparative advantage/terms of trade/absolute advantage) 2. T he dollar appreciates if the U.S. PL (increases/decreases),

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425 views • 26 slides
Macro Policy Debates

Macro Policy Debates

Macro Policy Debates. neoclassical monetarists, Keynesians, and supply-side economics. Quantity Equation. MV = PY (sometimes MV = PQ or MV = PT) M = money supply V = velocity of circulation of money (how many times a dollar changes hands per year) P = price level Y = real output.

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482 views • 24 slides
Two major points to discuss today: 1. Equilibrium v. identity 2. Solving the index number problem

Two major points to discuss today: 1. Equilibrium v. identity 2. Solving the index number problem

Two major points to discuss today: 1. Equilibrium v. identity 2. Solving the index number problem. I. The Basic Classical Model. Aggregate supply: Endogenous variables: W, P, Y. This defines the AS curve in figure 1. However, we are one variable short for total equilibrium.

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203 views • 19 slides
Chapter 8: Phillips curve, the Natural rate of Unemployment and Inflation

Chapter 8: Phillips curve, the Natural rate of Unemployment and Inflation

Chapter 8: Phillips curve, the Natural rate of Unemployment and Inflation. More detailed analysis of the last chapters Important chapter to enhance your understanding about how policy was/is made. A. William Phillips. Resume:

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318 views • 11 slides
Aggregate Demand and Supply

Aggregate Demand and Supply

Aggregate Demand and Supply. Measuring the Whole Economy. Gross Domestic Product. C+I+G+(x-m )= GDP. Comparing. Supply and Demand. Aggregate supply and demand. Works the same 2. Illustrates whole economy not just one market 3. Determinants of change are different.

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137 views • 0 slides

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