MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... ment can moderate those fluctuations in unemploy- ment . If aggregate demand is kept steady so that the price level stays close to its expected level , the econ- omy can be kept close to full employment . FIGURE 13.14 Unemployment with ...
... ment can moderate those fluctuations in unemploy- ment . If aggregate demand is kept steady so that the price level stays close to its expected level , the econ- omy can be kept close to full employment . FIGURE 13.14 Unemployment with ...
˹éÒ 509
... ment - shown in the figure . Japan has smaller govern- ment purchases and larger saving and investment than the United States . Only if U.S. saving or taxes increase or govern- ment purchases or invest- ment decreases can U.S. net ...
... ment - shown in the figure . Japan has smaller govern- ment purchases and larger saving and investment than the United States . Only if U.S. saving or taxes increase or govern- ment purchases or invest- ment decreases can U.S. net ...
˹éÒ 582
... ment constant . Investment demand curve A curve showing the relationship between the real interest rate and the level of planned investment , holding every- thing else constant . Investment demand schedule The list showing the quantity ...
... ment constant . Investment demand curve A curve showing the relationship between the real interest rate and the level of planned investment , holding every- thing else constant . Investment demand schedule The list showing the quantity ...
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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