Macroeconomics

$1 trillion aggre aggregate demand curve aggregate expenditure curve aggregate planned expenditure aggregate supply curve amount autonomous expenditure banks business cycle calculate capital CHAPTER checkable deposits consumption expenditure consumption function curve for real decrease deficit disposable income dollars equal equilibrium expenditure example expected exports factors factors of production falls Federal Reserve Figure firms fiscal policy fluctuations full employment GDP deflator government purchases graph households important inflation rate investment demand curve loans long-run aggregate supply macroeconomic marginal propensity ment million tapes monetary policy money multiplier money supply natural rate open market operation opportunity cost output Phillips curve price level production possibility frontier propensity to consume quantity demanded quantity of labor quantity of money quantity of real quantity supplied Real GDP trillions real interest rate real wage rate recession relationship rises saving short-run aggregate supply slope tapes a week taxes tion transfer payments trillions of 1987