'Expected price level' presentation slideshows

Chapter 11 Classical Business Cycle Analysis: Market-Clearing Macroeconomics

Chapter 11 Classical Business Cycle Analysis: Market-Clearing Macroeconomics. Economics 282 University of Alberta. Business Cycle in a Classical Model. We assume that prices and wages adjust rapidly . So, the economy is in or near the general equilibrium.

521 views • 51 slides

From the Short to the Medium Run How is the unemployement rate determined in the Medium Run?

From the Short to the Medium Run How is the unemployement rate determined in the Medium Run?. The Short Run: The IS-LM model. The economy responds increasing production to match demand. A higher production in creases employment Hi gher employment usually reduces unemployment

371 views • 36 slides

Diploma Macro Paper 2

Diploma Macro Paper 2. Monetary Macroeconomics Lecture 6 Aggregate supply and putting AD and AS together Mark Hayes. Phillips Curve ( ? ,u). Exogenous: M , G , T , i*, ? e. Goods market KX and IS (Y, C, I). Labour market (P, Y) AS. AD-AS (P , i, Y, C, I). Money

417 views • 31 slides

Aggregate Demand and Aggregate Supply

20. Aggregate Demand and Aggregate Supply. The Aggregate Supply Curve. Why the aggregate-supply (AS) curve slopes upward in the short-run Basic Microeconomic Theory Increase in overall level of prices in economy Tends to raise the quantity of goods and services supplied

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Chapter 13: Aggregate Supply

346 views • 17 slides