'Long run aggregate supply' diaporamas de présentation

Business Cycle Model

Business Cycle Model. KW 28, 29. AS-AD Framework. Microeconomists use supply/demand framework for thinking about markets. Macroeconomists use Aggregate Supply/ Aggregate Demand as the central framework for thinking about business cycles.

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Aggregate Demand and Aggregate Supply

Aggregate Demand and Aggregate Supply. SLIDES PREPARED BY JUDITH SKUCE, GEORGIAN COLLEGE. In this chapter you will learn. 8.1 What determines the shape of the aggregate demand curve and what factors shift the entire curve

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Dynamic Change, Economic Fluctuations, and the AD-AS Model

Dynamic Change, Economic Fluctuations, and the AD-AS Model. 3. 10. 3. 10. Anticipated and Unanticipated Changes. Anticipated & Unanticipated Changes. Anticipated changes are fully expected by economic participants. Decision makers have time to adjust to them before they occur.

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Chapter 10

Chapter 10. Real GDP and the Price Level in the Long Run.

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Aggregate Supply and Aggregate Demand

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REVIEW OF HWK

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Eco 6351 Economics for Managers Chapter 11a. Aggregate Supply and Demand

Eco 6351 Economics for Managers Chapter 11a. Aggregate Supply and Demand. Prof. Vera Adamchik. Jobs. Internal market forces. Prices. External shocks. Growth. Output. Policy levers. International balances. The macro economy. DETERMINANTS. OUTCOMES. MACRO ECONOMY. Macro view.

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Aggregate Demand

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Unit Four: Aggregate Model

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Inflation & Deflation

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Aggregate Demand and Aggregate Supply AP Econ. - Leader

Aggregate Demand and Aggregate Supply AP Econ. - Leader. Aggregate Demand. Aggregate Demand refers to the quantity demanded of goods and services, or the quantity demanded of the Real GDP, at various price levels. Aggregate Demand.

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Monetary Theory:

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Aggregate Supply

Aggregate Supply. Features of Macroeconomic performance: Growth potential GDP. Inflation. Business cycle fluctuation. Aggregate Supply Fundamental. The quantity of labor (L). The Qty. of Capital (K). The state of Technology (T).

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Aggregate Supply

Aggregate Supply. By J.A.Sacco. Aggregate Supply. Knowing the position and shape of AD does not tell us anything about how the total dollar value of spending will be divided between output (real goods/services) and prices.

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Unit 3: Aggregate Demand and Supply and Fiscal Policy

Unit 3: Aggregate Demand and Supply and Fiscal Policy. 1. Review. Define Aggregate. Define Aggregate Demand. Explain and give an example of the Real Balances Effect. Explain and give an example of the Foreign Trade Effect. Explain and give an example of the Interest-Rate effect.

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Unit 3: Aggregate Demand and Supply and Fiscal Policy

Unit 3: Aggregate Demand and Supply and Fiscal Policy. 1. Review. Define Aggregate. Define Aggregate Demand. Explain and give an example of the Real Balances Effect. Explain and give an example of the Foreign Trade Effect. Explain and give an example of the Interest-Rate effect.

226 views • 13 slides

Alan Greenspan

Alan Greenspan. Background Information. In 1987, President Ronald Reagan nominated Greenspan as Fed chairman Strong supporter of the free market and an opponent of government intervention in the economy 2 nd longest serving federal chairman Succeeded by Ben Bernanke

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Aggregate Supply

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Sample AD-AS Problem

Sample AD-AS Problem. The economy of Terrylandia is currently operating at an equilibrium above full employment. Draw a correctly labeled graph of aggregate and aggregate supply and show each of the following Current equilibrium output (Y 1 ) Current equilibrium price level (P 1 )

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