MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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˹éÒ 111
... output by 2 percentage points . If numbers in this range are correct , then the lost output resulting from high unemployment is enormous . One percent of aggregate output in the United States is $ 55 bil- lion . Thus getting the ...
... output by 2 percentage points . If numbers in this range are correct , then the lost output resulting from high unemployment is enormous . One percent of aggregate output in the United States is $ 55 bil- lion . Thus getting the ...
˹éÒ 174
... Output rises to $ 5.5 trillion ( 1987 dollars ) , and the price level rises to 125. The economy is now at an above full - employment equilibrium . Real GDP is above its long - run level , and there is an inflationary gap . The increase ...
... Output rises to $ 5.5 trillion ( 1987 dollars ) , and the price level rises to 125. The economy is now at an above full - employment equilibrium . Real GDP is above its long - run level , and there is an inflationary gap . The increase ...
˹éÒ 537
... output is a sus- tained increase in labor resources . That is , a country can produce more output over the years simply because its population of workers grows . But for each successively larger generation of workers to have a higher ...
... output is a sus- tained increase in labor resources . That is , a country can produce more output over the years simply because its population of workers grows . But for each successively larger generation of workers to have a higher ...
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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