MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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Michael Parkin. CHAPTER 12 FISCAL AND MONETARY INFLUENCES ON AGGREGATE DEMAND THE RELATIVE EFFECTIVENESS OF FISCAL AND MONETARY POLICY CHAPTER 12. supply . The effectiveness of monetary policy depends on the same two factors as the ...
Michael Parkin. CHAPTER 12 FISCAL AND MONETARY INFLUENCES ON AGGREGATE DEMAND THE RELATIVE EFFECTIVENESS OF FISCAL AND MONETARY POLICY CHAPTER 12. supply . The effectiveness of monetary policy depends on the same two factors as the ...
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Michael Parkin. CHAPTER 12 FISCAL AND MONETARY INFLUENCES ON AGGREGATE DEMAND CHAPTER 12 FISCAL AND MONETARY INFLUENCES ON AGGREGATE DEMAND SUMMARY. to shift rightward . The higher level of investment increases aggregate expenditure and ...
Michael Parkin. CHAPTER 12 FISCAL AND MONETARY INFLUENCES ON AGGREGATE DEMAND CHAPTER 12 FISCAL AND MONETARY INFLUENCES ON AGGREGATE DEMAND SUMMARY. to shift rightward . The higher level of investment increases aggregate expenditure and ...
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... Monetary Policy and Aggregate Demand Monetary policy influences aggregate demand by changing the interest rate . A decrease in the money supply increases the interest rate . The higher interest rate decreases investment , and lower ...
... Monetary Policy and Aggregate Demand Monetary policy influences aggregate demand by changing the interest rate . A decrease in the money supply increases the interest rate . The higher interest rate decreases investment , and lower ...
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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