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Слайды и текст этой презентации

Слайд 1

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Aggregate Demand and Aggregate Supply

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Aggregate Demand Real GDP desired at each price level Inverse relationship Real balances effect Interest effect Foreign purchases effect

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Aggregate Demand

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Changes in Aggregate Demand

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Consumer Spending Consumer wealth Household borrowing Consumer expectations Personal taxes

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Investment Spending Real interest rates Expected returns Expectations about future business conditions Technology Degree of excess capacity Business taxes

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Government Spending Government spending increases Aggregate demand increases (as long as interest rates and tax rates do not change) More transportation projects Government spending decreases Aggregate demand decreases Less military spending

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Net Export Spending National income abroad Exchange rates Dollar depreciation Dollar appreciation

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Aggregate Supply Total real output produced at each price level Relationship depends on time horizon Immediate short run Short run Long run

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AS: Immediate Short Run

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Aggregate Supply: Short Run

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Aggregate Supply: Long Run

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Changes in Aggregate Supply Determinants of aggregate supply Shift factors Collectively position the AS curve Changes raise or lower per-unit production costs