MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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˹éÒ 225
... result , autonomous expenditure decreases by $ 0.5 trillion , and , consequently , the aggregate expenditure curve ... result is no change in real GDP . But this is a short - run outcome . There are further and much more important ...
... result , autonomous expenditure decreases by $ 0.5 trillion , and , consequently , the aggregate expenditure curve ... result is no change in real GDP . But this is a short - run outcome . There are further and much more important ...
˹éÒ 357
... result in decreased out- put per hour as workers become tired . Employing a large number of workers for a small ... result in five types of flows that change the numbers of people employed and unemployed . The flows resulting from these ...
... result in decreased out- put per hour as workers become tired . Employing a large number of workers for a small ... result in five types of flows that change the numbers of people employed and unemployed . The flows resulting from these ...
˹éÒ 358
... result from fires , layoffs , and quits . Flows from unem- ployment to employment result from hires and recalls . Flows from the labor force occur as people decide to become homemakers , go back to school , or retire . Flows from the ...
... result from fires , layoffs , and quits . Flows from unem- ployment to employment result from hires and recalls . Flows from the labor force occur as people decide to become homemakers , go back to school , or retire . Flows from the ...
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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