MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... rises but nothing else changes , then there is a decrease in the quantity demanded ( a movement up the demand curve ... rises , if the price of a comple- ment falls , if income rises ( for a normal good ) , or if the population increases ...
... rises but nothing else changes , then there is a decrease in the quantity demanded ( a movement up the demand curve ... rises , if the price of a comple- ment falls , if income rises ( for a normal good ) , or if the population increases ...
˹éÒ 371
... rise . As the SAS curve shifts to SAS ,, the GDP deflator increases further to 150 . As aggregate demand continues to increase , the price level rises continuously , generating a perpetual demand - pull inflation and a price - wage ...
... rise . As the SAS curve shifts to SAS ,, the GDP deflator increases further to 150 . As aggregate demand continues to increase , the price level rises continuously , generating a perpetual demand - pull inflation and a price - wage ...
˹éÒ 373
... rises to 135 , a 12.5 percent increase over the original price level . A Cost - Price Inflation Spiral Suppose now that the oil producers , seeing the prices of everything that they buy increase by 12.5 percent , decide to increase the ...
... rises to 135 , a 12.5 percent increase over the original price level . A Cost - Price Inflation Spiral Suppose now that the oil producers , seeing the prices of everything that they buy increase by 12.5 percent , decide to increase 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