MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... effects of fiscal policy on aggregate demand . Fiscal Policy and Aggregate Demand FIGURE 12.2 First Round Effects of an Expansionary Fiscal Policy Aggregate expenditure ... Effects of Fiscal Policy Second Round Effects of Fiscal Policy.
... effects of fiscal policy on aggregate demand . Fiscal Policy and Aggregate Demand FIGURE 12.2 First Round Effects of an Expansionary Fiscal Policy Aggregate expenditure ... Effects of Fiscal Policy Second Round Effects of Fiscal Policy.
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... effects are . A decrease in the real money supply increases the interest rate , decreases investment , and decreases ... effects that we've just worked out are short- run effects . Let's now look at the long - run effects of fiscal and ...
... effects are . A decrease in the real money supply increases the interest rate , decreases investment , and decreases ... effects that we've just worked out are short- run effects . Let's now look at the long - run effects of fiscal and ...
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... Effects of a Decrease in the Money Supply , 316 Keynesian , 324 Liquidity trap , 324 Monetarist , 324 Key Figures Figure 12.1 Figure 12.2 First Round Effects of an Equilibrium Interest Rate and Real GDP , 309 Expansionary Fiscal Policy ...
... Effects of a Decrease in the Money Supply , 316 Keynesian , 324 Liquidity trap , 324 Monetarist , 324 Key Figures Figure 12.1 Figure 12.2 First Round Effects of an Equilibrium Interest Rate and Real GDP , 309 Expansionary Fiscal Policy ...
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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