MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... price level . To make predictions about real GDP and the price level , we need to combine aggregate demand and aggregate supply and determine macroeconomic equilibrium . Macroeconomic equilibrium occurs when the quantity of real GDP ...
... price level . To make predictions about real GDP and the price level , we need to combine aggregate demand and aggregate supply and determine macroeconomic equilibrium . Macroeconomic equilibrium occurs when the quantity of real GDP ...
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... aggregate quantity of goods and services FIGURE 9.8 ∞ 45 ° line AE 2 Aggregate planned 238 Real GDP, the Price Level, and the Multipliers Aggregate Expenditure and Aggregate Demand Aggregate Planned Expenditure and the Price Level.
... aggregate quantity of goods and services FIGURE 9.8 ∞ 45 ° line AE 2 Aggregate planned 238 Real GDP, the Price Level, and the Multipliers Aggregate Expenditure and Aggregate Demand Aggregate Planned Expenditure and the Price Level.
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... price level might affect the actual price level . We must take this possibility into account when working out a rational expectation of the price level . We're going to work out the rational expectation of the price level , using Fig ...
... price level might affect the actual price level . We must take this possibility into account when working out a rational expectation of the price level . We're going to work out the rational expectation of the price level , using Fig ...
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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