MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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˹éÒ 216
... determined by political processes , and the amount of government purchases is determined largely independently of the current level of real GDP . ( p . 208 ) Net Exports Net exports are the difference between exports and imports ...
... determined by political processes , and the amount of government purchases is determined largely independently of the current level of real GDP . ( p . 208 ) Net Exports Net exports are the difference between exports and imports ...
˹éÒ 328
... determination of long - run and short- run aggregate supply . Money , Interest , and Aggregate Demand Real GDP and the price level are determined by the interaction of aggregate demand and aggregate sup- ply ( Chapter 7 ) . Fiscal and ...
... determination of long - run and short- run aggregate supply . Money , Interest , and Aggregate Demand Real GDP and the price level are determined by the interaction of aggregate demand and aggregate sup- ply ( Chapter 7 ) . Fiscal and ...
˹éÒ 356
... determined money wage rate stays constant . REVIEW The sticky wage theory assumes that the money wage rate is set on the basis of expec- tations about the price level over the course of the wage contract to make the expected quantities ...
... determined money wage rate stays constant . REVIEW The sticky wage theory assumes that the money wage rate is set on the basis of expec- tations about the price level over the course of the wage contract to make the expected quantities ...
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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