'Full employment equilibrium' presentation slideshows

AP macroeconomics Unit 4: Long Run Economic growth and loanable funds

AP macroeconomics Unit 4: Long Run Economic growth and loanable funds . Topic 1: Review of AD/AS graph. What is the AD/AS graph used to illustrate??? 1. changes in price level 2. changes in quantity of real GDP/output 3. changes in employment 4. FISCAL POLICY action .

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Keynesian Economics: Revolution and Counterrevolution

Keynesian Economics: Revolution and Counterrevolution. John Maynard Keynes (1883-1946) Son of John Neville Keynes author of Scope and Method of Political Economy (1891) Studied Math at Cambridge, resulted in Treatise on Probability (1921) Attracted into economics by Marshall

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The circular flow of income and the Keynesian multiplier

The circular flow of income and the Keynesian multiplier. Equilibrium in the goods market. Equilibrium in the goods market. The analysis of the goods market equilibrium is the starting point of Macroeconomic analysis (particularly from the Keynesian point of view)

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Neoclassical Monetary and Cycle Theory

Neoclassical Monetary and Cycle Theory. Monetary Theory Quantity Theory Theory of monetary disturbances Quantity Theory (Fisher) Irving Fisher MV = PT P is the passive element, V is a short term constant Changes in M lead to changes in P. Neoclassical Monetary Theory.

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Classical Economics

Classical Economics. Defined. A body of economic thought originating with the work of Adam Smith based on the idea that the operation of unrestricted markets generates aggregate or national production that fully utilizes the economy's resources and maintains full employment.

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Aggregate Expenditures Model

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Aggregate Expenditures Model

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Fiscal and Monetary Policy: Debates

Fiscal and Monetary Policy: Debates. Chapter 18. Debate 1. Which policy to use? Fiscal or monetary? Which one is more effective? Which one has less goal conflicts? Which one is more flexible?. Debate 1 Continued. Which one is more effective?

217 views • 9 slides