'Mp curve' presentation slideshows

11.1 Introduction

11.1 Introduction. In this chapter, we learn The first building block of our short-run model: the IS curve describes the effect of changes in the real interest rate on output in the short run.

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In this chapter, we learn:

In this chapter, we learn: in the presence of a systematic monetary policy, we can combine the IS curve and the MP curve to get an aggregate demand (AD) curve. the Phillips curve can be reinterpreted as an aggregate supply (AS) curve.

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ECON649/ECON991

ECON649/ECON991. Lecture 4. Applications of Supply & Demand Analysis: Per-Unit Taxes. Per-unit Tax (also called a Specific Tax) . Now consider govt intervention via imposition of a per-unit tax We will suppose that the tax is levied on the producer

548 views • 47 slides

CH. 8: THE ECONOMY AT FULL EMPLOYMENT: THE CLASSICAL MODEL

CH. 8: THE ECONOMY AT FULL EMPLOYMENT: THE CLASSICAL MODEL. Describe the relationship between the quantity of labor employed and real GDP Explain what determines the demand for labor the supply of labor employment, the real wage rate, productivity potential GDP

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Great divide of macroeconomics

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Chapter 22 The Monetary Policy and Aggregate Demand Curves

Chapter 22 The Monetary Policy and Aggregate Demand Curves. Preview. This chapter develops an explanation for why monetary policymakers put upward pressure on interest rates when inflation increases. This relationship is then used to develop the monetary policy curve.

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Chapter 22 The Monetary Policy and Aggregate Demand Curves

Chapter 22 The Monetary Policy and Aggregate Demand Curves. Preview. This chapter develops an explanation for why monetary policymakers put upward pressure on interest rates when inflation increases. This relationship is then used to develop the monetary policy curve.

188 views • 17 slides

The Monetary Policy and Aggregate Demand Curves

Mishkin/Serletis The Economics of Money, Banking, and Financial Markets Fifth Canadian Edition. Chapter 23. The Monetary Policy and Aggregate Demand Curves. Learning Objectives. Understand why there is a positive relationship between real interest rates and inflation, the MP curve

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