MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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˹éÒ 168
... long - run aggregate supply less than the physical limits to production ? Why the Long - Run Aggregate Supply Curve Is Vertical The long - run aggregate supply curve is vertical because there is only one level of real GDP that can be ...
... long - run aggregate supply less than the physical limits to production ? Why the Long - Run Aggregate Supply Curve Is Vertical The long - run aggregate supply curve is vertical because there is only one level of real GDP that can be ...
˹éÒ 170
... Run and Long - Run Aggregate Supply Curves If any of the events that change long - run aggregate supply occur , the long - run aggregate sup- ply curve and the short - run aggregate supply curve shift . Most of the factors that influence ...
... Run and Long - Run Aggregate Supply Curves If any of the events that change long - run aggregate supply occur , the long - run aggregate sup- ply curve and the short - run aggregate supply curve shift . Most of the factors that influence ...
˹éÒ 327
... run effects . Let's now look at the long - run effects of fiscal and monetary policy . The Long - Run Effects on Real GDP and the Price Level The long - run effects of fiscal and monetary policy depend on the state of the economy when ...
... run effects . Let's now look at the long - run effects of fiscal and monetary policy . The Long - Run Effects on Real GDP and the Price Level The long - run effects of fiscal and monetary policy depend on the state of the economy when ...
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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