MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... shifts when the price level changes . But it also shifts for a thousand other reasons . It is these other sources of shifts in the aggregate expenditure curve that we studied earlier in this chapter - for example , a change in ...
... shifts when the price level changes . But it also shifts for a thousand other reasons . It is these other sources of shifts in the aggregate expenditure curve that we studied earlier in this chapter - for example , a change in ...
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... Shifts in the Demand Curve for Real Money The demand curve for real money shifts when : ◇ Real income changes Financial innovation occurs Changes in Real Income An increase in real income shifts the demand curve for real money to the ...
... Shifts in the Demand Curve for Real Money The demand curve for real money shifts when : ◇ Real income changes Financial innovation occurs Changes in Real Income An increase in real income shifts the demand curve for real money to the ...
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... shifts when the expected inflation rate changes , let's do an experiment . The economy is at full employment , and a fully anticipated inflation is raging at 10 percent a year . Now suppose that the Fed and the government begin a ...
... shifts when the expected inflation rate changes , let's do an experiment . The economy is at full employment , and a fully anticipated inflation is raging at 10 percent a year . Now suppose that the Fed and the government begin a ...
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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