MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... rate increases from 5 percent to 7 percent , there is a rise in the opportunity cost of holding money and a decrease in the quantity of real money demanded- illustrated by an upward movement along the demand curve in Fig . 11.5 . If the ...
... rate increases from 5 percent to 7 percent , there is a rise in the opportunity cost of holding money and a decrease in the quantity of real money demanded- illustrated by an upward movement along the demand curve in Fig . 11.5 . If the ...
˹éÒ 322
... rate along the demand curve ID than along the demand curve IDg . A With the demand curve for real money MD , an increase in the money supply that shifts the real money supply curve from MS , to MS , decreases the interest rate from 5 ...
... rate along the demand curve ID than along the demand curve IDg . A With the demand curve for real money MD , an increase in the money supply that shifts the real money supply curve from MS , to MS , decreases the interest rate from 5 ...
˹éÒ 392
... Cost - push inflation , 371 Demand - pull inflation , 369 Long - run Phillips curve , 387 Natural rate hypothesis , 387 Nominal interest rate , 381 Figure 14.1 Key Figures Demand - Pull Inflation , 369 Figure 14.2 Figure 14.3 A Price ...
... Cost - push inflation , 371 Demand - pull inflation , 369 Long - run Phillips curve , 387 Natural rate hypothesis , 387 Nominal interest rate , 381 Figure 14.1 Key Figures Demand - Pull Inflation , 369 Figure 14.2 Figure 14.3 A Price ...
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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