PPT-The Aggregate Expenditures Model

11 McGrawHillIrwin Copyright 2012 by The McGrawHill Companies Inc All rights reserved Assumptions and Simplifications Use the Keynesian aggregate expenditures model Prices are fixed. 29. McGraw-Hill/Irwin. Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.. Aggregate Demand. Real GDP desired at each price level. Inverse relationship. Real balances effect. Steve Keen. Kingston University London. IDEAeconomics. Minsky Open Source System Dynamics. www.debtdeflation.com/blogs. What does Economics have in common with Ptolemy?. (1) The propensity to start from “. Markets and . National Output. Chapter 12. Discussion Topics. Circular flow of payments. Composition and measurement of gross domestic product. Consumption, saving and investment. Equilibrium national income and output. : . Moving Toward Transparency and Accountability in West Virginia. Joint. . Commission on Economic Development, WV Legislature. September 11, 2012. TED BOETTNER, Executive Director. SEAN O’LEARY, Policy Analyst. Aggregate expenditure line. Real GDP demanded. Changes in aggregate expenditure. Simple spending multiplier. Changes in the price level. Aggregate demand curve. Components of aggregate expenditure (AE). Chapter . 15 . of . Macroeconomics. , . 8. th. . edition, by N. Gregory . Mankiw. ECO62. . Udayan. . Roy. PART V Topics in Macroeconomic Theory. Inflation and dynamics in the short run. So far, to analyze the short run we have used. Stabilization Policies and Their Effects. E. 2. Expansionary Fiscal Policy: Addressing Recessionary Gaps. Suppose a . negative demand shock . has caused a recession. . AD. 2. AD. 1. Aggregate . Price Level. Chapter . 15 . of . Macroeconomics. , . 8. th. . edition, by N. Gregory . Mankiw. ECO62. . Udayan. . Roy. PART V Topics in Macroeconomic Theory. Inflation and dynamics in the short run. So far, to analyze the short run we have used. AS Graph and Equilibrium. This web quiz may appear as two pages on tablets and laptops.. I recommend that you view it as one page by clicking on the open book icon at the bottom of the page.. 12b – AS and Equilibrium. Procedures for Naval Warfare Systems Certification Policy (NWSCP) – Criteria 2. 20 May, . 2014. DISTRIBUTION . STATEMENT . A: Public Release Authorized . Jon Dachos. NSWC DD W16. John Winters. Basic Commerce & Industries, Inc.. Today:. Aggregate demand. Why is it downward sloping?. Factors that affect the aggregate demand. Aggregate supply. Long-run aggregate supply. Short-run aggregate supply. Why is it upward sloping?. Factors that affect the short-run aggregate supply. Day 1. Q1: During the Great Depression we saw a rise in unemployment and deflation. In the recession of 1979-1982 a rise in unemployment but inflation. Why?. Q2: What is stagflation?. Aggregate Supply and Aggregate Demand. AD - The Model. PL. RGDP. AD. PL = Price Level. ALL prices in the economy. Real Gross Domestic Product = Dollar value of ALL domestically produced final goods and services adjusted for inflation. AD = Aggregate demand. The total amount of goods and services people will purchase at ALL price levels. Has the same components as GDP.. Nicolas . Chatelais. (Banque de France). Menzie Chinn. (University of Wisconsin-Madison, NBER). Arthur . Stalla-Bourdillon. (Université Paris Dauphine and Banque de France). Motivation. 2. During. the .