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Aggregate Demand (AD) & Aggregate Supply (AS) 1. Neoclassical A.S. curve

Lecture 20: Aggregate Supply -- Price level P , Inflation ? , & Wages W. Aggregate Demand (AD) & Aggregate Supply (AS) 1. Neoclassical A.S. curve 2. Modified Keynesian A.S. 3. Expectations-augmented A.S. 4. Rational expectations A.S . 5. Real Business Cycles (RBC )

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Indexed wages - PowerPoint PPT Presentation

Aggregate Demand (AD) &amp; Aggregate Supply (AS) 1. Neoclassical A.S. curve

Aggregate Demand (AD) & Aggregate Supply (AS) 1. Neoclassical A.S. curve