Macroeconomics

aggregate demand curve aggregate expenditure aggregate planned expenditure aggregate supply curve banks business cycle capital cars CHAPTER comparative advantage consume consumption expenditure consumption function countries curve shifts rightward decrease demand and supply disposable income dollars economic growth economists effects equals example exports falls Figure firms fiscal policy fluctuations GDP deflator government purchases graph growth rate hour inflation rate labor force long-run aggregate supply macroeconomic marginal benefit marginal cost measure ment million tapes money wage rate multiplier natural rate nomic opportunity cost percent Phillips curve potential GDP price level production possibility frontier quantity demanded quantity of labor quantity of money quantity supplied real business cycle real GDP Real GDP trillions real interest rate real wage rate recession relationship short-run aggregate supply shows slope tapes a week taxes tion trade trillions of 1992 unem unemployed unemployment rate United variables