EC202A Macroeconomics The AS-AD model Reading material that you may find useful: - Abel, Bernanke and McNabb, Chapters 11 and 13 - Abel, Bernanke, 5th.
Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. 9-1 CHAPTER 9 The Income-Expenditure Framework: Consumption and the Multiplier.
The Theory of Economics…is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct.
AGGREGATE SUPPLY CHAPTER 9-2. AGGREGATE SUPPLY The aggregate supply curve shows the relationship between the aggregate price level and the quantity of.
It’s a recession when your neighbor loses his job, it’s a depression when you lose yours. Harry Truman It’s a recession when your neighbor loses his job,
MACROECONOMIC POLICIES BY ANTO AND DAVID. DEMAND SIDE POLICIES Include Fiscal Policy Monetary Policy.
1 Fiscal Policy CHAPTER 12 © 2003 South-Western/Thomson Learning.
1 Challenges for estimating and forecasting macroeconomic trends during financial crises: implications for counter-cyclical policies Pingfan Hong Pingfan.
