Published on March 13, 2014
Chapter 12 Modern Macroeconomics
Development of Modern Macroeconomics
From long-run to short- run Development Macroeconomists Classical Economists Keynessian Economists
The Essence of Classical Economists Keynessian Economics Equilibrium Income Oscellates •Equilibrium income •Potential income The Paradox of Frugality
Aggregate Demand and Aggregate Supply Model
Aggregate Demand Curve
Slope of The AD Curve Wealth Effect Interest Rate Effect International Effect Multiplier Effect
Shifts of the Aggregate Demand Curve Shift Factors of the Aggregate Demand Curve • Foreign Income • Expectations • The distribution of Income • Monetary and Fiscal Policies
Aggregate Supply Curve
Thank you!!! Lualhati B. Larosa BSED 311 (SocStud)
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