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Chap8

Aggregate Demand and Aggregate Supply 29 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Lecture 9 Monetary Policy 3 13. Impact of Monetary Policy Evolution of the modern view: The Keynesian view dominated during the 1950s and 1960s. Keynesians.

aggregate demand and aggregate supply for 2nd semester for BBA

Lesson 12--ad-as-equilibrium[1]

Government and Fiscal Policy

Candidates should be able to define short-run aggregate supply and identify the determinants of the short-run AS curve, such as money wage rates, business.

Aggregate Demand and Aggregate Supply 12 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Ch 13. Money And The Economy. Money And The Price Level Do changes in the money supply affect the price level in the economy? The equation of exchange.

Ch. 12: Inflation Types of inflation –Demand-pull inflation –Cost-push inflation Effects of inflation SR and LR long-run relationships between –inflation.

F582 REVISION GUIDE

PHILLIPS CURVE. Phillips Curve Short and Long Run Phillips Curves William Phillips, a New Zealand born economist, wrote a paper in 1958 titled The Relation.