'Real output' presentation slideshows

Fiscal Policy

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Fiscal Policy

827 views • 65 slides

Open Economy

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7. The Aggregate Supply Curve

7. The Aggregate Supply Curve. Abel, Bernanke, and Croushore (chapters 3 and 9.6). Syllabus Outline. Introduction to Macroeconomics The measurement and structure of the national economy Goods market equilibrium: the IS curve Money market equilibrium: the LM curve The IS-LM model

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Chapter 26 Inflation, expectations and credibility

Chapter 26 Inflation, expectations and credibility. David Begg, Stanley Fischer and Rudiger Dornbusch, Economics , 8th Edition, McGraw-Hill Education, 2005 PowerPoint presentation by Alex Tackie and Damian Ward. Inflation is . Inflation is a rise in the price level.

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Chapter Two

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Economic Development and Regeneration

Economic Development and Regeneration. Learning outcomes. By studying this section students will be able to: define and explain economic growth review critically the concept of economic growth understand the determinants of economic growth

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The Economics of Stimulus

The Economics of Stimulus. Keynesian Economics, Multipliers, Ricardian Equivalence, PIP, etc. Present Value and MEC. In the classical model , the business decision maker compared the interest rate to the current marginal productivity of capital:

494 views • 24 slides

STICKY PRICES AND THEIR MACROECONOMIC CONSEQUENCES

9.1. STICKY PRICES AND THEIR MACROECONOMIC CONSEQUENCES. short run in macroeconomics The period of time in which prices do not change or do not change very much. 9.2. UNDERSTANDING AGGREGATE DEMAND. What Is the Aggregate Demand Curve?.

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Models of word reading

Models of word reading. Questions from your text. Are words recognized as whole-words or using subword features? Are words identified through meaning or through phonology? Is word recognition top-down (dependent on context) or bottom-up (stimulus-driven)?

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What Is Money and Why Do We Need It?

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Activity 41

Activity 41. The neutrality of money. Money is neutral. In the long run changes in money supply will only change price level and have no change on real output. In the short run, explain what happens to real output.

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Money & The Bank of Canada

Money & The Bank of Canada. Three criteria of Money. A Medium of Exchange A Store of Value A Unit of Account. Medium of Exchange. Money is easy to exchange and readily available Money must have a high value relative to its weight and composition .

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Long-Run Equilibrium

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Attacks on the Traditional Approaches to Macroeconomics

Attacks on the Traditional Approaches to Macroeconomics. Lecture 14. Alternative Theories to Define Alternative Policies. Monetarism is an argument against discretionary monetary policy to counter the business cycle

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Economics 216: The Macroeconomics of Development

Economics 216: The Macroeconomics of Development Lawrence J. Lau, Ph. D., D. Soc. Sc. (hon.) Kwoh-Ting Li Professor of Economic Development Department of Economics Stanford University Stanford, CA 94305-6072, U.S.A. Spring 2000-2001

578 views • 13 slides

Real GDP & Aggregate Output

Real GDP & Aggregate Output. Chapter 7-2. Comparing GDP Across Time. GDP can grow due to: 1) Economy producing more 2) Prices having risen. Calculating GDP and Real GDP in a Simple Economy. Nominal GDP.

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Aggregate Demand, Aggregate Supply, and the Self-Correcting Economy

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Ch.22 GDP Worksheet 1-calculations

Ch.22 GDP Worksheet 1-calculations. Year Production of X Price X 2000 20 $5 2001 20 $10 2002 20 $20 Nominal GDP (P x Q) Real GDP (current year Q x base yr P) $100 2000 $100 $200 2001 $100 $400 2002 $100. Economic Growth? .

195 views • 8 slides