MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... percent , the price of haircuts by 13.6 percent , and the price of bus rides by 7.1 percent . This example captures a common feature of the world that we live in : it is rarely the case that all prices change by the same percentage ...
... percent , the price of haircuts by 13.6 percent , and the price of bus rides by 7.1 percent . This example captures a common feature of the world that we live in : it is rarely the case that all prices change by the same percentage ...
˹éÒ 384
... percent a year and prices are rising by 10 percent a year , the real interest rate is only 5 percent a year . If you made a loan of $ 100 on January 1 , 1994 , it's true you'd have $ 115 to spend on January 1 , 1995. But you'd need ...
... percent a year and prices are rising by 10 percent a year , the real interest rate is only 5 percent a year . If you made a loan of $ 100 on January 1 , 1994 , it's true you'd have $ 115 to spend on January 1 , 1995. But you'd need ...
˹éÒ 456
... percent 10 percent 14 percent $ 7 billion - $ 4 billion $ 54 billion $ 49 billion + $ 1 billion Inflation distorts the measured deficit by distorting the debt interest payments made by the government . In this example , the real ...
... percent 10 percent 14 percent $ 7 billion - $ 4 billion $ 54 billion $ 49 billion + $ 1 billion Inflation distorts the measured deficit by distorting the debt interest payments made by the government . In this example , the real ...
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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