Business Cycle Theory: The Economy in the Short Run презентация
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- 2. INTRODUCTION TO ECONOMIC FLUCTUATIONS INTRODUCTION TO ECONOMIC FLUCTUATIONS
- 3. 10-1 The Facts About the Business Cycle 10-1 The Facts About
- 4. 10-1 The Facts About the Business Cycle When the economy experiences
- 5. Real GDP Growth in the United States Growth in real GDP
- 6. Growth in Consumption and Investment Growth in Consumption and Investment
- 7. Unemployment The U rises significantly during periods of recession, shown
- 8. Okun’s Law This figure is a scatter plot of the
- 9. 10-1 The Facts About the Business Cycle What relationship should we
- 10. 10-1 The Facts About the Business Cycle GDP and Its Components
- 11. 10-1 The Facts About the Business Cycle Economists arrive at their
- 12. 10-1 The Facts About the Business Cycle Average WORKWEEK of production
- 13. 10-2 Time Horizons in Macroeconomics The theoretical separation of real and
- 14. 2 If You Want to Know Why Firms Have Sticky Prices,
- 16. 10-2 Time Horizons in Macroeconomics How does the introduction of StP
- 17. 10-2 Time Horizons in Macroeconomics How the Short Run and Long
- 18. 10-3 Aggregate Demand Aggregate demand (AD) is the relationship between the
- 19. 10-3 Aggregate Demand The Quantity Equation as Aggregate Demand Why the
- 20. 10-3 Aggregate Demand The Quantity Equation as Aggregate Demand Why the
- 21. 10-3 Aggregate Demand We have assumed => M determines the
- 22. 10-3 Aggregate Demand The Quantity Equation as Aggregate Demand Why the
- 23. Shifts in the Aggregate Demand Curve Changes in the M shift
- 24. 10-4 Aggregate Supply The Long Run: The Vertical Aggregate Supply Curve
- 25. 10-4 Aggregate Supply The Long-Run Aggregate Supply Curve In the
- 26. 10-4 Aggregate Supply Shifts in Aggregate Demand in the Long Run
- 27. 10-4 Aggregate Supply The Short-Run Aggregate Supply Curve In this
- 28. 10-4 Aggregate Supply Shifts in Aggregate Demand in the Short Run
- 29. 10-4 Aggregate Supply Long-Run Equilibrium In the LR, the economy
- 30. 10-4 Aggregate Supply A Reduction in Aggregate Demand The economy
- 31. A Monetary Lesson From French History The story begins with the
- 32. David Hume on the Real Effects of Money Here is how
- 33. 10-5 Stabilization Policy Fluctuations in the economy as a whole
- 34. 10-5 Stabilization Policy An Increase in Aggregate Demand The
- 35. 10-5 Stabilization Policy Because supply shocks have a direct impact
- 36. 10-5 Stabilization Policy An Adverse Supply Shock An adverse
- 37. 10-5 Stabilization Policy Accommodating an Adverse Supply Shock In
- 38. How OPEC Helped Cause Stagflation in the 1970s and Euphoria in
- 39. 10-6 Conclusion This chapter introduced a framework to study economic fluctuations:
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