'Real money stock' presentation slideshows

Putting All Markets Together: The AS - AD Model

Putting All Markets Together: The AS - AD Model. Aggregate Supply. 7-1. The aggregate supply relation captures the effects of output on the price level. It is derived from the behavior of wages and prices. Recall the equations for wage and price determination from chapter 6:.

575 views • 43 slides

ECON 4100 Monetary Economics William D. Lastrapes

ECON 4100 Monetary Economics William D. Lastrapes. Fall 2008. Money. Specialization is necessary for high productivity, high standards of living. Trade and exchange are necessary for specialization. Money reduces costs of and facilitates exchange.

449 views • 35 slides

We use the identity

Which conditions should the expected cointegration mean satisfy?. Generally we would like the mean of an equilibrium error to be equal to zero!. We use the identity. The case with a constant and a trend. When there is a linear time trend in the equations, then:. A simulated example.

439 views • 31 slides

9-1 Output, Unemployment, and Inflation

462 views • 30 slides

Table 8.1

358 views • 24 slides

Review of the labour market

360 views • 22 slides

Chapter 8

Chapter 8. The Keynesian System AD and AS. AD Schedule. Keynesian model- output at equilibrium level. AD = total output. Previous Chapter- We know about the effects of (r) on I and Change in AD. Equilibrium- Output =AD and Md=Ms

227 views • 12 slides