MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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˹éÒ 119
... fluctuations are matched by related fluctuations in a wide range of other economic variables . One of the most impor- tant of these is unemployment . In the contraction phase of a business cycle , unemployment increases ; in the ...
... fluctuations are matched by related fluctuations in a wide range of other economic variables . One of the most impor- tant of these is unemployment . In the contraction phase of a business cycle , unemployment increases ; in the ...
˹éÒ 121
... fluctuations in real variables : real GDP , the unemployment rate , and real stock prices . We've seen that there is a strong and systematic rela- tionship between fluctuations in real GDP and fluc- tuations in the unemployment rate ...
... fluctuations in real variables : real GDP , the unemployment rate , and real stock prices . We've seen that there is a strong and systematic rela- tionship between fluctuations in real GDP and fluc- tuations in the unemployment rate ...
˹éÒ 361
... Fluctuations in aggregate demand bring fluctua- tions in the price level . These fluctuations move the economy ( upward and downward ) along its demand for labor curve . At the same time , unemployment fluctuates around its natural rate ...
... Fluctuations in aggregate demand bring fluctua- tions in the price level . These fluctuations move the economy ( upward and downward ) along its demand for labor curve . At the same time , unemployment fluctuates around its natural rate ...
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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