'Nominal wage' presentation slideshows

VII Keynesian revolution - theory

1.19k views • 77 slides

Chapter 12 Keynesian Business Cycle Analysis: Non-Market-Clearing Macroeconomics

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Aggregate demand and Aggregate Supply (AD and AS)

Aggregate demand and Aggregate Supply (AD and AS). notice the data: while potential GDP tends to move upward yr after yr, due to economic growth, actual GDP tends to rise above and fall below potential over shorter periods

781 views • 46 slides

Aggregate demand and Aggregate Supply (AD and AS)

Aggregate demand and Aggregate Supply (AD and AS). notice the data: while potential GDP tends to move upward yr after yr, due to economic growth, actual GDP tends to rise above and fall below potential over shorter periods

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X. Neoclassical synthesis

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Production Function, Factor Market and Aggregate Supply Function

Production Function, Factor Market and Aggregate Supply Function. CHAPTER 9. 1. Determinants of Output and Price. Chapter 9. * Output (real income), employment and price / inflation are determined by. Aggregate supply (AS) and Aggregate demand (AD) * Each of which is governed by

593 views • 43 slides

CHAPTER THIRTEEN Aggregate Supply

CHAPTER THIRTEEN Aggregate Supply. Learning objectives. three models of aggregate supply in which output depends positively on the price level in the short run the short-run tradeoff between inflation and unemployment known as the Phillips curve. the expected price level. agg. output.

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CHAPTER THIRTEEN Aggregate Supply

CHAPTER THIRTEEN Aggregate Supply. Edited by: Taggert J. Brooks UW-La Crosse. Learning objectives. three models of aggregate supply in which output depends positively on the price level in the short run the short-run tradeoff between inflation and unemployment known as the Phillips curve.

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Introduction

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INFLATION AND THE PRICE LEVEL

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Technological Progress, Wages, and Unemployment

Technological Progress, Wages, and Unemployment. Dimensions of Technological Progress. There are optimistic and pessimistic views of technological progress.

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AGGREGATE DEMAND and AGGREGATE SUPPLY II

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Lecture 7

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Lecture 7

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The Keynesian System IV: Aggregate Supply and Demand Chapter 9

The Keynesian System IV: Aggregate Supply and Demand Chapter 9. Professor Steve Cunningham Intermediate Macroeconomics ECON 219. Constructing AD. The AD curve can be constructed from the IS-LM apparatus. Recall that the price level is established outside the IS-LM model.

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Labour Compensation

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Labour Compensation

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The Small Open Economy

The Small Open Economy. How the real exchange rate keeps the goods market in equilibrium. Y = C + I + G + NX( ? ). Model Background. Demand. Supply.

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The Closed Economy

The Closed Economy. How the real interest rate keeps the goods market in equilibrium Y = C + I(r) + G. Model Background. Demand. Supply. This model is closed in the sense that there are no exports or imports in the model. The model does include government tax and government expenditure.

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Unit 4 : Reading Quiz # 11 : 7 points

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