TAILIEUCHUNG - Lecture Macroeconomics - Chapter 9: Aggregate demand and aggregate supply

Chapter 9 - Aggregate demand and aggregate supply. After studying this chapter you will be able to understand: Why the aggregate demand curve is downward sloping, and what factors shift the entire curve; what determines the shape of the short run aggregate supply curve, and what factors shift the entire curve; how the equilibrium price level and real GDP are determined; the distinction between the short-run and long-run supply curve; the nature and causes of recessionary and inflationary gaps. | Chapter 9 Aggregate Demand and Aggregate Supply SLIDES PREPARED BY JUDITH SKUCE, GEORGIAN COLLEGE * In this chapter you will learn Why the aggregate demand curve is downward sloping, and what factors shift the entire curve What determines the shape of the short run aggregate supply curve, and what factors shift the entire curve How the equilibrium price level and real GDP are determined * In this chapter you will learn The distinction between the short-run and long-run supply curve The nature and causes of recessionary and inflationary gaps * Chapter 9 Topics Aggregate Demand Aggregate Supply: The Short Run Equilibrium: Real Output & the Price Level Short-Run & Long-Run Aggregate Supply Equilibrium vs Full-Employment GDP * The amounts of real output that buyers collectively desire to purchase at each possible price level Aggregate Demand (AD): AD = C + Ig + G + Xn * Aggregate Demand (AD) Aggregate Quantity Demanded (Real GDP) and the Price Level are inversely .

• Kinh tế học
• Macroeconomic activity
• Lecture Macroeconomics
• Macroeconomic environment
• Financial system
• Aggregate demand
• Aggregate supply
• Macroeconomic adjustments
• Method of economics
• Nature of economics
• Macroeconomic policy
• Macroeconomic
• Theoretical Model
• publication
• transmitted
• electronic
• mechanical
• photocopy
• Economic problem
• Foundation of economics
• Individual markets
• Market equilibrium
• Market system
• Canadian economy
• Global economy
• International trade
• Measuring domestic output
• Income approach
• Economic growth
• Business cycle
• Aggregate expenditures model
• Equilibrium GDP
• Fiscal policy
• Legislative mandates
• Public debt
• Budget philosophies
• Canadian financial system
• Functions of money
• Balance sheet
• Chartered bank
• Monetary policy
• Bank of Canada
• New economy
• Trade barriers
• Exchange rates
• Balance of payments
• Economic models
• Functional notation