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Aggregate demand curve e1 - PowerPoint PPT Presentation

Chapter 9

Chapter 9. Demand-Side Equilibrium: Unemployment or Inflation?. A definite ratio, to be called the Multiplier, can be established between income and investment. JOHN MAYNARD KEYNES. Outline. Suppose AS is given, how does AD affect the equilibrium ?. The Meaning Of Equilibrium GDP.

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Chapter 26

Chapter 26. Demand-Side Equilibrium: Unemployment or Inflation?. A definite ratio, to be called the Multiplier, can be established between income and investment. JOHN MAYNARD KEYNES. The Meaning Of Equilibrium GDP. Assumptions Constant Price level Rate of interest

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649 views • 49 slides

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Aggregate demand curve e1 - PowerPoint PPT Presentation

Chapter 9

Chapter 26