'Supply shock' presentation slideshows

Benefits of a Common Currency

Benefits of a Common Currency. Costs have to do with macroeconomic management of the economy Benefits have to do with the microeconomic aspect Eliminating national currencies for a common currency leads to economic efficiency gains Elimination of transaction costs

1.02k views • 87 slides

Chapter 23

Chapter 23. Aggregate Demand and Supply Analysis. Aggregate Demand. Aggregate demand is made up of four component parts: consumption expenditure , the total demand for consumer goods and services

588 views • 44 slides

Chapter 24 Monetary Policy Theory

Chapter 24 Monetary Policy Theory. Preview. This chapter uses the aggregate demand-aggregate supply framework developed in the preceding chapter to develop a theory of monetary policy. Learning Objectives.

480 views • 41 slides

Aggregate Demand and Supply Analysis

Mishkin/Serletis The Economics of Money, Banking, and Financial Markets Fifth Canadian Edition. Chapter 24. Aggregate Demand and Supply Analysis. Learning Objectives. Interpret the aggregate demand and supply framework for the determination of the inflation rate and aggregate output

1.05k views • 38 slides

Answers to Review Questions

Answers to Review Questions. 1.What are the goals of monetary policy?

471 views • 36 slides

Module 19 Equilibrium in the Aggregate Demand & Aggregate Supply Model

Module 19 Equilibrium in the Aggregate Demand & Aggregate Supply Model. Module 19 Essential Questions. What is the difference between short-run and long-run macroeconomic equilibrium? What are the causes and effects of demand shocks and supply shocks?

701 views • 33 slides

Chapter 12: Aggregate Demand and Aggregate Supply model

Chapter 12: Aggregate Demand and Aggregate Supply model. Today: Aggregate demand Why is it downward sloping? Factors that affect the aggregate demand Aggregate supply Long-run aggregate supply Short-run aggregate supply Why is it upward sloping?

1.03k views • 28 slides

Chapter 6

Chapter 6. Prices. Reaching Equilibrium. Supply and Demand Meet The point where demand and supply come together is called the equilibrium It is the point of balance at which the quantity demanded equals the quantity supplied At equilibrium, the market for a good is stable

410 views • 28 slides

Chapter 23

Chapter 23. Monetary Policy Theory. Response of Monetary Policy to Shocks. Monetary policy should try to minimize the difference between inflation and the inflation target

423 views • 26 slides

International Trade and Investment

International Trade and Investment. Junhui Qian, 2018. Content. Overview of international trade and investment Issues Value-added v.s . gross value Chinese export as a supply shock Chinese import as a demand shock. Merchandise Trade. Service Trade.

233 views • 22 slides

Unemployment and Inflation

Unemployment and Inflation. Friedman (1966, 1968) and Phelps (1967) natural rate of unemployment hypothesis. Rational and Adaptive Expectation about Inflation. Backward Looking Expectation of Inflation. Aggregate Supply and Demands. Labour Market with Rational Expectation.

396 views • 19 slides

Boundless Lecture Slides

Boundless Lecture Slides. Available on the Boundless Teaching Platform. Free to share, print, make copies and changes. Get yours at www.boundless.com. Using Boundless Presentations. Boundless Teaching Platform

200 views • 19 slides

Paul E. Polzin Bureau of Business and Economic Research The University of Montana - Missoula

Hurricane Katrina and the Montana Economy. Paul E. Polzin Bureau of Business and Economic Research The University of Montana - Missoula. Katrina Economic Impacts. Direct Impacts Lake Charles, LA to Mobile, AL is a sizable economic region with about 2.5 million people.

262 views • 15 slides

CHAPTER 3

252 views • 12 slides

Aggregate Equilibrium

Aggregate Equilibrium. Macroeconomic Theory. Recessionary Gap. Economy above full output. LRAS 1. LRAS 1. Price Level. Price Level. SRAS 1. SRAS 1. Real GDP. Real GDP. AD 1. AD 1. Inflationary Gap. Economy below full output. Unemployment high, output low

193 views • 10 slides