MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... less money left over for vacations and other consumption goods and services . The cost of better welfare and educational services is less of other goods . On a smaller scale but equally important , each time you decide to rent a video ...
... less money left over for vacations and other consumption goods and services . The cost of better welfare and educational services is less of other goods . On a smaller scale but equally important , each time you decide to rent a video ...
˹éÒ 237
... less than the fall in autonomous expenditure . In these two years , the multiplier was less than 1. In the recession of 1991 , induced expenditure decreased , but by a tiny amount , and the multiplier was close to 1. The two blue rows ...
... less than the fall in autonomous expenditure . In these two years , the multiplier was less than 1. In the recession of 1991 , induced expenditure decreased , but by a tiny amount , and the multiplier was close to 1. The two blue rows ...
˹éÒ 411
... less important part of the econo- my in 1929 than it has become today . On the eve of that earlier recession , government purchases of goods and services were less than 9 percent of GDP . In contrast , today they are more than 20 ...
... less important part of the econo- my in 1929 than it has become today . On the eve of that earlier recession , government purchases of goods and services were less than 9 percent of GDP . In contrast , today they are more than 20 ...
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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