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CHAPTER 17 AGGREGATE DEMAND AND AGGREGATE SUPPLY

CHAPTER 17 AGGREGATE DEMAND AND AGGREGATE SUPPLY. Figure 1: The Two-Way Relationship Between Output and the Price Level. Figure 2: Deriving the Aggregate Demand Curve. N. AD 2. 8.5. Figure 3: A Spending Shock Shifts the AD Curve. Price Level. 100. J. AD 1. 6. Real GDP

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CHAPTER 17 AGGREGATE DEMAND AND AGGREGATE SUPPLY

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  1. CHAPTER 17 AGGREGATE DEMAND AND AGGREGATE SUPPLY

  2. Figure 1: The Two-Way Relationship Between Output and the Price Level Ch. 17 / Aggregate Demand and Aggregate Supply

  3. Figure 2: Deriving the Aggregate Demand Curve Ch. 17 / Aggregate Demand and Aggregate Supply

  4. N AD2 8.5 Figure 3: A Spending Shock Shifts the AD Curve Price Level 100 J AD1 6 Real GDP ($Trillions) Ch. 17 / Aggregate Demand and Aggregate Supply

  5. Figure 4: The Aggregate Supply Curve Ch. 17 / Aggregate Demand and Aggregate Supply

  6. AS2 140 L Figure 5: Shifts in the Aggregate Supply Curve Price Level AS1 100 J 6 Real GDP ($Trillions) Ch. 17 / Aggregate Demand and Aggregate Supply

  7. Figure 6: Short-Run Macroeconomic Equilibrium Ch. 17 / Aggregate Demand and Aggregate Supply

  8. 160 H F AD2 7.5 8.5 Figure 7: The Effect of a Demand Shock AS Price Level E 100 AD1 6 Real GDP ($Trillions) Ch. 17 / Aggregate Demand and Aggregate Supply

  9. AS3 AS2 K P4 P3 J P2 H AD2 Y3 Y2 Figure 8: The Long-Run Adjustment Process Price Level AS1 P1 E AD1 YFE Real GDP Ch. 17 / Aggregate Demand and Aggregate Supply

  10. AS2 N P3 M AD2 Y2 Figure 9: Long-Run Adjustment after a Negative Demand Shock Price Level AS1 E P1 P2 AD1 YFE Real GDP Ch. 17 / Aggregate Demand and Aggregate Supply

  11. Long-run AS curve K AD2 M AD3 Figure 10: The Long-Run Aggregate Supply Curve Price Level E AD1 YFE Real GDP Ch. 17 / Aggregate Demand and Aggregate Supply

  12. AS2 AS3 R P2 T P3 Y2 Y3 Figure 11: The Effect of Supply Shocks Price Level AS1 E P1 AD YFE Real GDP Ch. 17 / Aggregate Demand and Aggregate Supply

  13. Figure 12: The Price of Oil, Real GDP, and the Price Level, 1990–1992 Ch. 17 / Aggregate Demand and Aggregate Supply

  14. AS2 T R P2 Y1 Figure 13: An AD–AS Analysis of the Oil Price Shock Price Level AS1 P1 E AD1 YFE Real GDP Ch. 17 / Aggregate Demand and Aggregate Supply

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