PPT-Chapter 11 Spending and Output

in the Short Run Learning Objectives Identify the key assumptions of the basic Keynesian model Discuss the determination of planned investment and planned aggregate expenditure Analyze how an economy reaches shortrun equilibrium in the basic Keynesian . POWERPOINT JEOPARDY. LRAS. AS. AD. Multipliers. FP. 50. 40. 30. 20. 10. 10. 20. 30. 40. 50. 10. 20. 30. 40. 50. 10. 20. 30. 40. 50. 10. 20. 30. 40. 50. Automatic stabilizers act like:. automatic . expansionary fiscal policy when the economy is in an inflation. . 0 2 4 6 -0.5 0 0.5 1 1.5 2 0 2 4 6 -0.5 0 0.5 1 1.5 2 0 2 4 6 -0.5 0 0.5 1 1.5 2 Output 0 2 4 6 -4 -2 0 2 4 6 0 2 4 6 -4 -2 0 2 4 6 0 2 4 6 -4 -2 0 2 4 6 Consumption 0 2 4 6 -6 -4 -2 0 2 4 0 2 4 6 -6 “Fiscal Policy in a Depressed Economy”. Discussion by Valerie A. Ramey. Brookings. March 23, 2012. 1. 2. Outline. Summary. of DeLong and Summers view.. Notable elements of their . model. .. Test of ability of government spending to reverse . ECO 285 – Macroeconomics – Dr. D. Foster. Monetarists vs. Keynes. Friedman and the Monetarist View. We can imagine a “market” for money…. --money demand depends on income (mostly) and on interest rates (slightly). ECO 285 – Macroeconomics – Dr. D. Foster. Monetarists vs. Keynes. Friedman and the Monetarist View. We can imagine a “market” for money…. --m. oney . demand depends on . income (mostly) and on interest rates (slightly). Fiscal Policy: . Changes in the level of government spending and taxation aimed at either increasing or decreasing the level of aggregate demand in an economy to promote the macroeconomic objectives. Fiscal policy is a type of . and the . Historical . Development of Macroeconomics. The Historical Evolution . of Macroeconomics. The Great Depression . and . Macroeconomics. The Great Depression exerted a huge impact . on macroeconomics. . Fluctuations. Chapter 9. © Dünhaupt, Dullien, Goodwin, Harris, Nelson, Roach, . Torras. Learning Goals. After . today‘s. . lecture. , . you. will . be. . able. . to. :. Describe how unemployment and inflation . Aggregate Supply. Learning Objectives. Define the aggregate demand curve. Explain why it slopes downward. Explain why it shifts. Define the aggregate supply curve. Explain why it slopes downward. Explain why it shifts. Chapter 15. McGraw-Hill/Irwin. Copyright © . 2015 . by . McGraw-Hill Education (Asia). . All rights reserved.. Learning Objectives. Explain how economists define and measure an economy's output. Apply the expenditure method for measuring GDP to analyze economic activity. Macroeconomics: Data and Issues. Learning Objectives. Explain how economist define and measure an economy's output. Use the expenditure method for measuring GDP to analyze economic activity. Define and compute nominal GDP and real GDP. TOPIC 1. NI is the value of all goods and services produced in the economy in a year.. It measures the economic performance of a country.. WHAT IS NATIONAL INCOME?. This can be done in 3 ways:. GROSS DOMESTIC PRODUCT (GDP). Economics. 2 Emmanuel . Saez. Fall 2024. I. Overview of Short-Run Fluctuations. Actual and Potential Real GDP in the U.S. . Design and deliver beautiful presentations with ease and confidence.. CHAPTER 2. The Data of Macroeconomics. Gross Domestic Product: Expenditure and Income. Two definitions:. Total expenditure on domestically-produced .