Lecture 3
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Chap011 4 (2010)
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E4-1 Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Economic Principles 2e, by Jackson, McIver & Bajada By Muni Perumal Extension Chapter 4 Aggregate.
G. Money and Banking and How Banks Create Money 1. The process of monetary creation...an application 2. The application of the monetary multiplier H. The.
Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Chapter 23 Aggregate Supply and Aggregate Demand in the Short Run.
1.Gross domestic product 2.The business cycle 3.The U.S. economic record 4.Aggregate demand curve 5.Aggregate supply curve 6.Equilibrium GDP and price.
Price Level Real GDP ($Trillions) 0 Long run AS curve: A vertical line indicating all possible output and price level combinations the economy could end.
Factors that shift the consumption function 1. Changes in wealth – shift the consumption function. – Example: value of stocks, bonds, consumer durables.
Fiscal Policy and the National Debt Chapter 12 Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.
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