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Short run phenomenon - PowerPoint PPT Presentation

Chapter 6 Aggregate Supply: Wages, Prices, and Unemployment

Chapter 6 Aggregate Supply: Wages, Prices, and Unemployment. Introduction. Develop the AS side of the economy and examine the dynamic adjustment process from the short run to the long run The price-output relationship is based upon links between wages, prices, employment, and output

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487 views • 26 slides

Lecture II

Lecture II. Comparing the hypotheses of discovered preferences and preferences construction. Wrap up of the previous lecture.

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310 views • 24 slides

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Short run phenomenon - PowerPoint PPT Presentation

Chapter 6 Aggregate Supply: Wages, Prices, and Unemployment

Lecture II