🗊Aggregate Demand and Aggregate Supply

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Слайды и текст этой презентации

Слайд 1


Aggregate Demand and Aggregate Supply
Описание слайда:
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
Описание слайда:
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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Aggregate Demand

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Changes in 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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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
Описание слайда:
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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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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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
Описание слайда:
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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AS: Immediate Short Run

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Aggregate Supply: Short Run
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Aggregate Supply: Short Run

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

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Changes in Aggregate Supply
Описание слайда:
Changes in Aggregate Supply

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Input Prices Domestic resource prices Labor Capital Land Prices of imported resources Imported oil Exchange rates
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Input Prices Domestic resource prices Labor Capital Land Prices of imported resources Imported oil Exchange rates

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Productivity Real output per unit of input Increases in productivity reduce costs Decreases in productivity increase costs
Описание слайда:
Productivity Real output per unit of input Increases in productivity reduce costs Decreases in productivity increase costs

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Legal-Institutional Environment Legal changes alter per-unit costs of output Taxes and subsidies Extent of government regulation
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Legal-Institutional Environment Legal changes alter per-unit costs of output Taxes and subsidies Extent of government regulation

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Equilibrium
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Equilibrium

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Increases in AD: Demand-Pull Inflation
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Increases in AD: Demand-Pull Inflation

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Decreases in AD: Recession
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Decreases in AD: Recession

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Decreases in AS: Cost-Push Inflation
Описание слайда:
Decreases in AS: Cost-Push Inflation

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Increases in AS: Full-Employment
Описание слайда:
Increases in AS: Full-Employment

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