Aggregate Demand II:Applying the IS-LM Model11ContextChapter 9 introduced the model of aggregate demand and supplyChapter 10 developed the IS-LM model, the basis of the aggregate demandthis chapter,
Aggregate Demand II:Applying the IS-LM Model11ContextChapter 9 introduced the model of aggregate demand and supplyChapter 10 developed the IS-LM model, the basis of the aggregate demand curve第9章介绍了总
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Investment18In this chapter, you will learn:leading theories to explain each type of investmentwhy investment is negatively related to the interest ratethings that shift the investment functionwhy inv
Stabilization Policy15In this chapter, you will learn:…about two policy debates:1Should policy be active or passive2Should policy be by rule or discretionQuestion 1:Should policy be active or passiveG
Aggregate Supply and the Short-run Tradeoff Between Inflation and Unemployment13In this chapter, you will learn:two models of aggregate supply in which output depends positively on the price level in
Aggregate Demand I:Building the IS-LM Model10In this chapter, you will learn:the IScurve, and its relation to:the Keynesian crossthe loanable funds modelthe LMcurve, and its relation to:the theory of
Government Debt and Budget Deficits16In this chapter, you will learn:about the size of the US government’s debt, and how itpares to that of other countriesproblems measuring the budget deficitthe
Money Supply, Money Demand, and the Banking System19In this chapter, you will learn:how the banking system “creates” moneythree ways the Fed can control the money supply, and why the Fed can’t control
Consumption17In this chapter, you will learn:an introduction to the most prominent work on consumption, including:John Maynard Keynes:consumption and current ieIrving Fisher:intertemporal choiceFr
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