MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... 120 , the level of real GDP demanded is 5 trillion 1987 dol- lars . This row is plotted as point c on the aggregate demand curve . AGGREGATE DEMAND In constructing the aggregate demand schedule and aggregate. 158 Aggregate Demand.
... 120 , the level of real GDP demanded is 5 trillion 1987 dol- lars . This row is plotted as point c on the aggregate demand curve . AGGREGATE DEMAND In constructing the aggregate demand schedule and aggregate. 158 Aggregate Demand.
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... Aggregate Demand , Autonomous Expenditure , and Fiscal Policy We've just seen that the aggregate expenditure curve ... aggregate expenditure curve that we studied earlier in this chapter - for example , a change in investment , exports , and ...
... Aggregate Demand , Autonomous Expenditure , and Fiscal Policy We've just seen that the aggregate expenditure curve ... aggregate expenditure curve that we studied earlier in this chapter - for example , a change in investment , exports , and ...
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... aggregate supply curve starts to shift to the left . Prices rise fur- ther , and real GDP begins to fall . With no further change in aggregate demand - the aggregate demand curve remains at AD - this process comes to an end when the ...
... aggregate supply curve starts to shift to the left . Prices rise fur- ther , and real GDP begins to fall . With no further change in aggregate demand - the aggregate demand curve remains at AD - this process comes to an end when the ...
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$1 trillion aggre aggregate demand curve aggregate expenditure aggregate planned expenditure aggregate supply curve amount autonomous expenditure banks billion hours business cycle capital CHAPTER consume consumption expenditure curve for real decrease deficit deposits dollars economists equal equilibrium expenditure example exports factors factors of production fall Federal Reserve Figure firms fiscal policy fluctuations forecast GDP deflator government purchases graph growth higher households labor curve labor force labor market long-run aggregate supply macroeconomic ment million tapes monetary policy money multiplier money supply money wage rate multiplier natural rate OPEC open market operation opportunity cost output Phillips curve price level production possibility frontier quantity demanded quantity of labor quantity of money quantity of real quantity supplied rational expectations Real GDP trillions real wage rate recession relationship rises short-run aggregate supply slope tapes a week taxes tion trillions of 1987 U.S. economy unem unemployment rate