🗊Презентация Aggregate demand and aggregate supply analysis

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Chapter 13 Aggregate Demand and Aggregate Supply Analysis
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Chapter 13 Aggregate Demand and Aggregate Supply Analysis

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Learning Objectives Understand what happens during business cycles and their relationship to long-run economic growth. Discuss the determinants of aggregate demand, and distinguish between a movement along the aggregate demand curve and a shift of the curve. Discuss the determinants of aggregate supply, and distinguish between a movement along the short-run aggregate supply curve and a shift of the curve.
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Learning Objectives Understand what happens during business cycles and their relationship to long-run economic growth. Discuss the determinants of aggregate demand, and distinguish between a movement along the aggregate demand curve and a shift of the curve. Discuss the determinants of aggregate supply, and distinguish between a movement along the short-run aggregate supply curve and a shift of the curve.

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Learning Objectives Use the aggregate demand and aggregate supply model to illustrate the difference between short-run and long-run macroeconomic equilibrium. Use the dynamic aggregate demand and aggregate supply model to analyse macroeconomic conditions.
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Learning Objectives Use the aggregate demand and aggregate supply model to illustrate the difference between short-run and long-run macroeconomic equilibrium. Use the dynamic aggregate demand and aggregate supply model to analyse macroeconomic conditions.

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Business cycles impacts on Canon
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Business cycles impacts on Canon

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The Business Cycle
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The Business Cycle

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The Business Cycle
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The Business Cycle

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Aggregate demand and aggregate supply analysis, слайд №7
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The Business Cycle
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The Business Cycle

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The Business Cycle
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The Business Cycle

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Aggregate demand and aggregate supply analysis, слайд №10
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The Business Cycle
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The Business Cycle

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Aggregate demand and aggregate supply analysis, слайд №12
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The Business Cycle
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The Business Cycle

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Aggregate demand and aggregate supply analysis, слайд №14
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The Business Cycle
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The Business Cycle

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Aggregate demand and aggregate supply analysis, слайд №16
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Aggregate Demand
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Aggregate Demand

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Aggregate Demand
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Aggregate Demand

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Aggregate demand and aggregate supply: Figure 13.6
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Aggregate demand and aggregate supply: Figure 13.6

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Aggregate Demand
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Aggregate Demand

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Aggregate Demand
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Aggregate Demand

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Aggregate Demand
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Aggregate Demand

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The effect of exchange rates on sales The effect of exchange rates on sales
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The effect of exchange rates on sales The effect of exchange rates on sales

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Determinants of Aggregate Demand
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Determinants of Aggregate Demand

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Determinants of Aggregate Demand
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Determinants of Aggregate Demand

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Aggregate demand and aggregate supply analysis, слайд №26
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Aggregate demand and aggregate supply analysis, слайд №27
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Aggregate demand and aggregate supply analysis, слайд №28
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Aggregate Supply
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Aggregate Supply

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Aggregate Supply
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Aggregate Supply

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The long-run aggregate supply curve: Figure 13.7
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The long-run aggregate supply curve: Figure 13.7

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Aggregate Supply
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Aggregate Supply

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Aggregate Supply
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Aggregate Supply

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Aggregate Supply
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Aggregate Supply

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How expectations of the future price level affect the short-run aggregate supply: Figure 13.8
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How expectations of the future price level affect the short-run aggregate supply: Figure 13.8

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Aggregate Supply
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Aggregate Supply

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Macroeconomic equilibrium in the long run and the short run
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Macroeconomic equilibrium in the long run and the short run

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Long-run macroeconomic equilibrium: Figure 13.9
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Long-run macroeconomic equilibrium: Figure 13.9

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Macroeconomic equilibrium in the long run and the short run
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Macroeconomic equilibrium in the long run and the short run

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Macroeconomic equilibrium in the long run and the short run
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Macroeconomic equilibrium in the long run and the short run

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The short-run and long-run effects of a decrease in aggregate demand: Figure 13.10
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The short-run and long-run effects of a decrease in aggregate demand: Figure 13.10

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Macroeconomic equilibrium in the long run and the short run
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Macroeconomic equilibrium in the long run and the short run

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The short-run and long-run effects of an increase in aggregate demand: Figure 13.11
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The short-run and long-run effects of an increase in aggregate demand: Figure 13.11

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Macroeconomic equilibrium in the long run and the short run
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Macroeconomic equilibrium in the long run and the short run

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Macroeconomic equilibrium in the long run and the short run
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Macroeconomic equilibrium in the long run and the short run

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The short-run and long-run effects of a supply shock: Figure 13.12
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The short-run and long-run effects of a supply shock: Figure 13.12

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The short-run and long-run effects of a supply shock: Figure 13.12
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The short-run and long-run effects of a supply shock: Figure 13.12

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Using the Aggregate Demand Aggregate Supply model.
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Using the Aggregate Demand Aggregate Supply model.

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Aggregate demand and aggregate supply analysis, слайд №49
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Aggregate demand and aggregate supply analysis, слайд №50
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A dynamic aggregate demand and aggregate supply model
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A dynamic aggregate demand and aggregate supply model

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A dynamic aggregate demand and aggregate supply model: Figure 13.13
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A dynamic aggregate demand and aggregate supply model: Figure 13.13

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Using dynamic aggregate demand and aggregate supply to understand inflation: Figure 13.14
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Using dynamic aggregate demand and aggregate supply to understand inflation: Figure 13.14

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Does rising productivity growth reduce employment? Does rising productivity growth reduce employment?
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Does rising productivity growth reduce employment? Does rising productivity growth reduce employment?

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An Inside Look JB Hi-Fi reports sales up 36% and net profit after tax up 56%.
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An Inside Look JB Hi-Fi reports sales up 36% and net profit after tax up 56%.

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An Inside Look
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An Inside Look

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Key Terms Aggregate demand and aggregate supply model Aggregate demand curve (AD) Business cycle Long-run aggregate supply curve (LRAS) Menu costs Short-run aggregate supply curve (SRAS) Stagflation Supply shock
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Key Terms Aggregate demand and aggregate supply model Aggregate demand curve (AD) Business cycle Long-run aggregate supply curve (LRAS) Menu costs Short-run aggregate supply curve (SRAS) Stagflation Supply shock

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Get Thinking!
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Get Thinking!

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Aggregate demand and aggregate supply analysis, слайд №59
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Aggregate demand and aggregate supply analysis, слайд №60
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Aggregate demand and aggregate supply analysis, слайд №61
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Aggregate demand and aggregate supply analysis, слайд №62
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Check Your Knowledge Q3. The aggregate demand curve shows the relationship between the price level and the quantity of real GDP demanded by: a. Households. b. Firms. c. The government. d. All of the above.
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Check Your Knowledge Q3. The aggregate demand curve shows the relationship between the price level and the quantity of real GDP demanded by: a. Households. b. Firms. c. The government. d. All of the above.

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Check Your Knowledge Q3. The aggregate demand curve shows the relationship between the price level and the quantity of real GDP demanded by: a. Households. b. Firms. c. The government. d. All of the above.
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Check Your Knowledge Q3. The aggregate demand curve shows the relationship between the price level and the quantity of real GDP demanded by: a. Households. b. Firms. c. The government. d. All of the above.

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Check Your Knowledge Q4. Which of the following factors do not cause the aggregate demand curve to shift? a. A change in the price level. b. A change in government policies. c. A change in the expectations of households and firms. d. A change in foreign factors.
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Check Your Knowledge Q4. Which of the following factors do not cause the aggregate demand curve to shift? a. A change in the price level. b. A change in government policies. c. A change in the expectations of households and firms. d. A change in foreign factors.

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Check Your Knowledge Q4. Which of the following factors do not cause the aggregate demand curve to shift? a. A change in the price level. b. A change in government policies. c. A change in the expectations of households and firms. d. A change in foreign factors.
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Check Your Knowledge Q4. Which of the following factors do not cause the aggregate demand curve to shift? a. A change in the price level. b. A change in government policies. c. A change in the expectations of households and firms. d. A change in foreign factors.

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Check Your Knowledge Q5. How can government policies shift the aggregate demand curve to the right? a. By increasing personal income taxes. b. By increasing business taxes. c. By increasing government purchases. d. All of the above.
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Check Your Knowledge Q5. How can government policies shift the aggregate demand curve to the right? a. By increasing personal income taxes. b. By increasing business taxes. c. By increasing government purchases. d. All of the above.

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Check Your Knowledge Q5. How can government policies shift the aggregate demand curve to the right? a. By increasing personal income taxes. b. By increasing business taxes. c. By increasing government purchases. d. All of the above.
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Check Your Knowledge Q5. How can government policies shift the aggregate demand curve to the right? a. By increasing personal income taxes. b. By increasing business taxes. c. By increasing government purchases. d. All of the above.

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Check Your Knowledge Q6. Which of the following statements is true? a. In the long run, increases in the price level result in an increase in real GDP. b. In the long run, increases in the price level result in a decrease in real GDP. c. In the long run, increases in the price level result in no change in real GDP. d. In the long run, increases in the price level may increase or decrease real GDP.
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Check Your Knowledge Q6. Which of the following statements is true? a. In the long run, increases in the price level result in an increase in real GDP. b. In the long run, increases in the price level result in a decrease in real GDP. c. In the long run, increases in the price level result in no change in real GDP. d. In the long run, increases in the price level may increase or decrease real GDP.

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Check Your Knowledge Q6. Which of the following statements is true? a. In the long run, increases in the price level result in an increase in real GDP. b. In the long run, increases in the price level result in a decrease in real GDP. c. In the long run, increases in the price level result in no change in real GDP. d. In the long run, increases in the price level may increase or decrease real GDP.
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Check Your Knowledge Q6. Which of the following statements is true? a. In the long run, increases in the price level result in an increase in real GDP. b. In the long run, increases in the price level result in a decrease in real GDP. c. In the long run, increases in the price level result in no change in real GDP. d. In the long run, increases in the price level may increase or decrease real GDP.

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Check Your Knowledge Q7. Which of the following would shift both the short-run and the long-run aggregate supply curves? a. A higher expected future price level. b. An increase in the current price level. c. A technological advance. d. All of the above.
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Check Your Knowledge Q7. Which of the following would shift both the short-run and the long-run aggregate supply curves? a. A higher expected future price level. b. An increase in the current price level. c. A technological advance. d. All of the above.

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Check Your Knowledge Q7. Which of the following would shift both the short-run and the long-run aggregate supply curves? a. A higher expected future price level. b. An increase in the current price level. c. A technological advance. d. All of the above.
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Check Your Knowledge Q7. Which of the following would shift both the short-run and the long-run aggregate supply curves? a. A higher expected future price level. b. An increase in the current price level. c. A technological advance. d. All of the above.

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Check Your Knowledge Q8. Which of the following is usually the cause of stagflation? a. Reductions in government spending. b. Increases in investment. c. Printing money to finance government expenditures. d. An adverse supply shock.
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Check Your Knowledge Q8. Which of the following is usually the cause of stagflation? a. Reductions in government spending. b. Increases in investment. c. Printing money to finance government expenditures. d. An adverse supply shock.

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Check Your Knowledge Q8. Which of the following is usually the cause of stagflation? a. Reductions in government spending. b. Increases in investment. c. Printing money to finance government expenditures. d. An adverse supply shock.
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Check Your Knowledge Q8. Which of the following is usually the cause of stagflation? a. Reductions in government spending. b. Increases in investment. c. Printing money to finance government expenditures. d. An adverse supply shock.

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The aggregate expenditure model
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The aggregate expenditure model

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Aggregate demand and aggregate supply analysis, слайд №76
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The aggregate expenditure model
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The aggregate expenditure model

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Graphing macroeconomic equilibrium
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Graphing macroeconomic equilibrium

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Aggregate demand and aggregate supply analysis, слайд №79
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The aggregate expenditure model
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The aggregate expenditure model

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Aggregate demand and aggregate supply analysis, слайд №81
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The aggregate expenditure model
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The aggregate expenditure model

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Aggregate demand and aggregate supply analysis, слайд №83
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The aggregate expenditure model
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The aggregate expenditure model

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Aggregate demand and aggregate supply analysis, слайд №85
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Check Your Knowledge QA1. The idea of the aggregate expenditure model is that, in any particular year, the level of gross domestic product (GDP) is determined mainly by: a. The economy’s endowment of economic resources and technology. b. The level of interest rate for the economy as a whole. c. The level of aggregate expenditures. d. The level of government expenditures.
Описание слайда:
Check Your Knowledge QA1. The idea of the aggregate expenditure model is that, in any particular year, the level of gross domestic product (GDP) is determined mainly by: a. The economy’s endowment of economic resources and technology. b. The level of interest rate for the economy as a whole. c. The level of aggregate expenditures. d. The level of government expenditures.

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Check Your Knowledge QA1. The idea of the aggregate expenditure model is that, in any particular year, the level of gross domestic product (GDP) is determined mainly by: a. The economy’s endowment of economic resources and technology. b. The level of interest rate for the economy as a whole. c. The level of aggregate expenditures. d. The level of government expenditures.
Описание слайда:
Check Your Knowledge QA1. The idea of the aggregate expenditure model is that, in any particular year, the level of gross domestic product (GDP) is determined mainly by: a. The economy’s endowment of economic resources and technology. b. The level of interest rate for the economy as a whole. c. The level of aggregate expenditures. d. The level of government expenditures.

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Check Your Knowledge QA2. Which of the following statements is correct? Actual investment and planned investment are always the same. b. Actual investment will equal planned investment only when inventories rise. c. Actual investment will equal planned investment only when there is no unplanned change in inventories. d. Actual investment and planned investment only when inventories decline.
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Check Your Knowledge QA2. Which of the following statements is correct? Actual investment and planned investment are always the same. b. Actual investment will equal planned investment only when inventories rise. c. Actual investment will equal planned investment only when there is no unplanned change in inventories. d. Actual investment and planned investment only when inventories decline.

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Check Your Knowledge QA2. Which of the following statements is correct? Actual investment and planned investment are always the same. b. Actual investment will equal planned investment only when inventories rise. c. Actual investment will equal planned investment only when there is no unplanned change in inventories. d. Actual investment and planned investment only when inventories decline.
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Check Your Knowledge QA2. Which of the following statements is correct? Actual investment and planned investment are always the same. b. Actual investment will equal planned investment only when inventories rise. c. Actual investment will equal planned investment only when there is no unplanned change in inventories. d. Actual investment and planned investment only when inventories decline.

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