Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S...
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Transcript of Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S...
![Page 1: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/1.jpg)
Expansive Geldpolitik
mittlere Frist
![Page 2: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/2.jpg)
y0
N0
y(N, )
ND
N
(W/P)0
NS
W
W0
N
P0 ∙ ND
PeNS
y
y
45°
y0
r
r0
yP
y
AS
P0
AD0
LM00P
Pe
W/P
y
N
IS
![Page 3: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/3.jpg)
y0
N0
y(N, )
ND
N
(W/P)0
NS
W
W0
N
P0 ∙ ND
PeNS
y
y
45°
y0
r
r0
yP
y
AS
P0
AD0
LM0
LM1
0P
Pe
W/P
y
N
IS
![Page 4: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/4.jpg)
y0
N0
y(N, )
ND
N
(W/P)0
NS
W
W0
N
P0 ∙ ND
Pe NS
y
y
45°
y0
r
r0
yP
y
AS
P0
AD0AD1
LM0
LM1
0P
Pe
W/P
y
N
IS
![Page 5: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/5.jpg)
y0
N0
y(N, )
ND
N
(W/P)0
NS
W
W0
N
P0 ∙ ND
PeNS
y
y
45°
y0
r
r0
yP
y
AS
P0
AD0AD1
LM0
LM1
0P
Pe
Nachfrageüberschuss
W/P
y
N
IS
![Page 6: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/6.jpg)
y0
N0
y(N, )
ND
N
(W/P)0
NS
W
W0
N
P0 ∙ ND
Pe NS
y
y
45°
y0
r
r0
yP
y
AS
P0
P1
AD0AD1
LM0
LM1
0P
Pe
W/P
y
N
IS
![Page 7: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/7.jpg)
y0
N0
y(N, )
ND
N
(W/P)0
NS
W
W0
N
P0 ∙ ND
PeNS
y
y
45°
y0
r
r1
r0
yP
y
AS
P0
P1
AD0AD1
LM0
LM1
LM2
0P
Pe
W/P
y
N
IS
![Page 8: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/8.jpg)
y0
N0
y(N, )
ND
N
(W/P)0
NS NS
W
W0
N
P0 ∙ ND
P1 ND
Pe NS
y
y
45°
y0
r
r1
r0
yP
y
AS
P0
P1
AD0AD1
LM0
LM1
LM2
0P
Pe
1P
Pe
W/P
y
N
IS
![Page 9: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/9.jpg)
y0
N0
y(N, )
ND
N
(W/P)0
NS NS
W
W0
N
P0 ∙ ND
P1 ND
PeNS
y
y
45°
y0
r
r1
r0
yP
y
AS
P0
P1
AD0AD1
LM0
LM1
LM2
0P
Pe
1P
Pe
Arbeitsnachfrageüberschuss
W/P
y
N
IS
![Page 10: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/10.jpg)
y0
N0
y(N, )
ND
N
(W/P)0 (W/P)1
NS NS
W
W0
N
P0 ∙ ND
P1 ND
W1
PeNS
y
y
45°
y0
r
r1
r0
yP
y
AS
P0
P1
AD0AD1
LM0
LM1
LM2
0P
Pe
1P
Pe
W/P
y
N
IS
![Page 11: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/11.jpg)
y0
N0 N1
y(N, )
ND
N
(W/P)0 (W/P)1
NS NS
W
W0
N
P0 ∙ ND
P1 ND
W1
PeNS
y
y
45°
y0
r
r1
r0
yP
y
AS
P0
P1
AD0AD1
LM0
LM1
LM2
0P
Pe
1P
Pe
W/P
y
N
IS
![Page 12: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/12.jpg)
y1
y0
N0 N1
y(N, )
ND
N
(W/P)0 (W/P)1
NS NS
W
W0
N
P0 ∙ ND
P1 ND
W1
PeNS
y
y
45°
y0 y1
r
r1
r0
yP
y
AS
P0
P1
AD0AD1
LM0
LM1
LM2
0P
Pe
1P
Pe
W/P
y
N
IS
![Page 13: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/13.jpg)
y1
y0
N0 N1
y(N, )
ND
N
(W/P)0 (W/P)1
NS NS
W
W0
N
P0 ∙ ND
P1 ND
W1
PeNS
y
y
45°
y0 y1
r
r1
r0
yP
y
AS
P0
P1
AD0AD1
LM0
LM1
LM2
0P
Pe
1P
Pe
W/P
y
N
IS
![Page 14: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/14.jpg)
expansive Geldpolitik
längere Frist
![Page 15: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/15.jpg)
P
ND
W
W0
N
(W/P)0 = (W/P)1
y
N
y0= y1
y
A
N0 = N1
N0 = N1
N0 = N1 y0= y1
y0 = y1
N
Pe0 NS
P0 ∙ ND
NS
45°y(N, )
AS
P0
P
Pe
ISLM
AD
P
W
y
y
y
r
![Page 16: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/16.jpg)
P
ND
W
W0
N
(W/P)0 = (W/P)1
y
N
y0= y1
y
A
N0 = N1
N0 = N1
N0 = N1 y0= y1
y0 = y1
N
Pe0 NS
P0 ∙ ND
NS
45°y(N, )
P0
P
Pe
ISLM
AD
P
W
y
y
AS y
r
![Page 17: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/17.jpg)
P
ND
W
W0
N
(W/P)0 = (W/P)1
y
N
y0= y1
y
A
N0 = N1
N0 = N1
N0 = N1 y0= y1
y0 = y1
N
Pe0 NS
P0 ∙ ND
NS
45°y(N, )
P0
P
Pe
Nachfrageüberschuss
ISLM
AD
P
W
y
y
AS y
r
![Page 18: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/18.jpg)
P
ND
W
W0
N
(W/P)0 = (W/P)1
y
N
y0= y1
y
A
N0 = N1
N0 = N1
N0 = N1 y0= y1
y0 = y1
N
B
Pe0 NS
P0 ∙ ND
NS
45°y(N, )
P0
P1P
Pe
ISLM
AD
P
W
y
y
AS y
r
![Page 19: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/19.jpg)
P
ND
W
W0
N
(W/P)0 = (W/P)1
y
N
y0= y1
y
A
N0 = N1
N0 = N1
N0 = N1 y0= y1
y0 = y1
N
B
Pe0 NS
P0 ∙ ND
P1 ND
NS
45°y(N, )
P0
P1P
Pe
ISLM
AD
P
W
y
y
Pe1 NS
AS y
r
![Page 20: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/20.jpg)
P
ND
W
W0
N
(W/P)0 = (W/P)1
y
N
y0= y1
y
A
N0 = N1
N0 = N1
N0 = N1 y0= y1
y0 = y1
N
B
Pe0 NS
P0 ∙ ND
P1 ND
NS
45°y(N, )
P0
P1P
Pe
Arbeitsnachfrageüberschuss
ISLM
AD
P
W
y
y
Pe1 NS
AS y
r
![Page 21: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/21.jpg)
P
ND
W
W0
N
(W/P)0 = (W/P)1
y
N
y0= y1
y
A
N0 = N1
N0 = N1
N0 = N1 y0= y1
y0 = y1
N
B
Pe0 NS
P0 ∙ ND
P1 ND
W1
NS
45°y(N, )
P0
P1P
Pe
ISLM
AD
P
W
y
y
Pe1 NS
AS y
r
![Page 22: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/22.jpg)
restriktive Fiskalpolitik
mittlere Frist
![Page 23: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/23.jpg)
r
r´0
y
LM0
P
AS
P0
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
SeNP
0P
Pe
IS0
yN
N
![Page 24: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/24.jpg)
r
r´0
y
LM0
P
AS
P0
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
SeNP
0P
Pe
IS0
IS1
yN
N
![Page 25: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/25.jpg)
r
r´0
y
LM0
P
AS
P0
AD0
AD1
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
SeNP
0P
Pe
IS0
IS1
yN
N
![Page 26: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/26.jpg)
r
r´0
y
LM0
P
AS
P0
AD1
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
SeNP
0P
Pe
IS0
IS1
yN
N
Angebotsüberschuss
![Page 27: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/27.jpg)
r
r´0
y
LM0
P
AS
P0
P1
AD1
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
SeNP
0P
Pe
IS0
IS1
yN
N
![Page 28: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/28.jpg)
r
r1
r´0
y
LM0
LM1
P
AS
P0
P1
AD1
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
SeNP
0P
Pe
IS0
IS1
yN
N
![Page 29: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/29.jpg)
r
r1
r´0
y
LM0
LM1
P
AS
P0
P1
AD1
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
SeNP
P1ND
0P
Pe
IS0
IS1
yN
N
![Page 30: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/30.jpg)
r
r1
r´0
y
LM0
LM1
P
AS
P0
P1
AD1
AD
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
NS
y
SeNP
P1ND
1P
Pe
0P
Pe
IS0
IS1
yN
N
![Page 31: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/31.jpg)
r
r1
r´0
y
LM0
LM1
P
AS
P0
P1
AD1
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
NS
y
SeNP
P1ND
1P
Pe
0P
Pe
IS0
IS1
yN
N
Arbeitsangebotsüberschuss
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r
r1
r´0
y
LM0
LM1
P
AS
P0
P1
AD1
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
W1
ND
W/P
(W/P)1
(W/P)0
NS
NS
y
SeNP
P1ND
1P
Pe
0P
Pe
IS0
IS1
yN
N
![Page 33: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/33.jpg)
r
r1
r´0
y
LM0
LM1
P
AS
P0
P1
AD1
AD0
y
45°
y0 N
y0
N1 N0
y(N, )y
W
W0
P0ND
W1
ND
W/P
(W/P)1
(W/P)0
NS
NS
y
SeNP
P1ND
1P
Pe
0P
Pe
IS0
IS1
yN
N
![Page 34: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/34.jpg)
r
r1
r´0
y
LM0
LM1
P
AS
P0
P1
AD1
AD0
y
45°
y1 y0 N
y0
y1
N1 N0
y(N, )y
W
W0
P0ND
W1
ND
W/P
(W/P)1
(W/P)0
NS
NS
y
SeNP
P1ND
1P
Pe
0P
Pe
IS0
IS1
yN
N
![Page 35: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/35.jpg)
r
r1
r´0
y
LM0
LM1
P
AS
P0
P1
AD1
AD0
y
45°
y1 y0 N
y0
y1
N1 N0
y(N, )y
W
W0
P0ND
W1
ND
W/P
(W/P)1
(W/P)0
NS
NS
y
SeNP
P1ND
1P
Pe
0P
Pe
IS0
IS1
yN
N
![Page 36: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/36.jpg)
restriktive Fiskalpolitik
längere Frist
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r
r´0
y
LM0
P AS
P0
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
![Page 38: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/38.jpg)
r
r´0
y
LM0
P AS
P0
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
IS1
![Page 39: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/39.jpg)
r
r´0
y
LM0
P AS
P0
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
AD1
IS1
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r
r´0
y
LM0
P AS
P0
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
AD1
IS1
Angebotsüberschuss
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r
r´0
y
LM0
P AS
P0
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
P1
AD1
IS1
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r
r´0
y
LM0
P AS
P0
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
P1
AD1
IS1 LM1
r´1
![Page 43: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/43.jpg)
r
r´0
y
LM0
P AS
P0
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
P1 ND
P1
AD1
IS1 LM1
r´1
Se NP 1
![Page 44: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/44.jpg)
r
r´0
y
LM0
P AS
P0
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
P1 ND
P1
AD1
IS1 LM1
r´1
Se NP 1
Arbeitsangebotsüberschuss
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r
r´0
y
LM0
P AS
P0
AD0
y
45°
y0 N
y0
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
P1 ND
W1
P1
AD1
IS1 LM1
r´1
Se NP 1
![Page 46: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/46.jpg)
r
r´0
y
LM0
P AS
P0
AD0
y
45°
N
y(N, )y
W
W0
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
P1 ND
W1
P1
AD1
IS1 LM1
r´1
Se NP 1
y0= y1
N0 = N1
y0= y1
![Page 47: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/47.jpg)
Einführung eines Mindestlohns
längere Frist
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r
r´0
y
LM0
P ASAD
y
45°
y0 N
y0
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0
P0
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r
r´0
y
LM0
P ASAD
y
45°
y0 N
y0
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0
P0
W
![Page 50: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/50.jpg)
r
r´0
y
LM0
P ASAD
y
45°
y0 N
y0
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0
P0
W
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r
r´0
y
LM0
P ASAD
y
45°
y1 y0 N
y0
y1
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0
P0
W
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r
r´0
y
LM0
P ASAD
y
45°
y1 y0 N
y0
y1
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0
P0
W
![Page 53: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/53.jpg)
r
r´0
y
LM0
P ASAD
y
45°
y1 y0 N
y0
y1
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0
P0
W
Nachfrageüberschuss
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r
r´0
y
LM0
P AS
P1
AD
y
45°
y1 y0 N
y0
y1
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0
P0
W
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r
r´0
y
LM0
P AS
P1
AD
y
45°
y1 y0 N
y0
y1
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0
P0
LM1
r1
W
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r
r´0
y
LM0
P AS
P1
AD
y
45°
y1 y0 N
y0
y1
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
P1 ND
W0
P0
LM1
r´1
Se NP 1
W
![Page 57: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/57.jpg)
r
r´0
y
LM0
P AS
P1
AD
y
45°
y1 y0 N
y0
y2
y1
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
P1 ND
W1
P0
LM1
r´1
Se NP 1
W
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r
r´0
y
LM0
P AS
P1
AD
y
45°
y1 y2 y0 N
y0
y2
y1
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
P1 ND
W1
P0
LM1
r´1
Se NP 1
W
![Page 59: Expansive Geldpolitik mittlere Frist. y0 y0 N0N0 y(N, ) NDND N (W/P) 0 N S W W0W0 N P 0 N D P e N S y y 45° y 0 r r0r0 y P y AS P0P0 AD 0 LM 0 W/P y N.](https://reader036.fdocuments.us/reader036/viewer/2022062622/55204d6249795902118b6446/html5/thumbnails/59.jpg)
Produktivitätserhöhungin der längeren Frist
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AS
AD
LM
IS
45°y (N, K0)
NS
ND
PeNS
PND
y
yy y
y
N
N
N P
rW
W/P Pe/P
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N0
y (N, K1)
AS
AD
LM
IS
45°y (N, K0)
NS
ND(K0)
Pe0NS
P0ND(K0)
y
yy y
y
N
N
N P
rW
W/P Pe0/P0
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N0
ND(K1)
P0ND(K1)
y (N, K1)
AS
AD
LM
IS
45°y (N, K0)
NS
ND(K0)
Pe0NS
P0ND(K0)
y
yy y
y
N
N
N P
rW
W/P Pe0/P0
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N0 N1
ND(K1)
P0ND(K1)
y (N, K1)
AS
AD
LM
IS
45°y (N, K0)
NS
ND(K0)
Pe0NS
P0ND(K0)
y
yy y
y
N
N
N P
rW
W/P Pe0/P0
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N0 N1
ND(K1)
P0ND(K1)
y (N, K1)
AS0
AD
LM
IS
45°y (N, K0)
NS
ND(K0)
Pe0NS
P0ND(K0)
y
yy y
y
N
N
N P
rW
AS1
P0
W/P Pe0/P0
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N0 N1
ND(K1)
P0ND(K1)
y (N, K1)
AS0
AD
LM
IS
45°y (N, K0)
NS
ND(K0)
Pe0NS
P0ND(K0)
y
yy y
y
N
N
N P
rW
AS1
P0
Angebotsüberhang
W/P Pe0/P0
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N0 N1
ND(K1)
P0ND(K1)
y (N, K1)
AS0
AD
LM
IS
45°y (N, K0)
NS
ND(K0)
Pe0NS
P0ND(K0)
y
yy y
y
N
N
N P
rW
AS1
P0
P1
W/P Pe0/P0
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Rückwirkung auf den Arbeitsmarkt
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N0 N1
ND(K1)
P0ND(K1)
y (N, K1)
AS0
AD
LM
IS
45°y (N, K0)
NS
ND(K0)
Pe0NS
P0ND(K0)
y
yy y
y
N
N
N P
rW
AS1
P0
P1
W/P Pe0/P0
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P1
Pe1NS
AS1
P0
N0 N1
ND(K1)
P0ND(K1)
y (N, K1)
AS0
AD
LM
IS
45°y (N, K0)
NS Pe0/P0 = NS Pe1/P1
ND(K0)
Pe0NS
P0ND(K0)
y
yy y
y
N
N
N P
rW P1ND(K1)
W/P
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Wirkung auf Güter- und Geldmarkt
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LM1Pe1NS
AS1
P0
N0 N1
ND(K1)
P0ND(K1)
y (N, K1)
AS0
AD
LM0
IS
45°y (N, K0)
NS Pe0/P0 = NS Pe1/P1
ND(K0)
Pe0NS
P0ND(K0)
y
yy y
y
N
N
N P
rW P1ND(K1)r0
r1
P1
W/P
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Produktivitätserhöhung
mittlere Frist
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r
r´0
y
LM0
PASAD
y
45°
y0 N
y0
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0 P0
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r
r´0
y
LM0
PAD
y
45°
y0 N
y0
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0P0
AS
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r
r´0
y
LM0
PAD
y
45°
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y0
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0P0
AS
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r
r´0
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LM0
PAD
y
45°
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y0
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0P0
AS
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r
r´0
y
LM0
PAD
y
45°
y0 N
y0
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0P0
AS
y1
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r
r´0
y
LM0
PAD
y
45°
y0 N
y0
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0P0
AS
y1
y1
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r
r´0
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LM0
PAD
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45°
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y0
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W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0P0
AS
y1
y1
Angebotsüberschuss
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r
r´0
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LM0
PAD
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45°
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y0
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0P0
AS
y1
y1
P1
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r
r´0
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LM0
PAD
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45°
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y0
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0P0
AS
y1
y1
P1
LM1
r´1
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r
r´0
y
LM0
PAD
y
45°
y0 N
y0
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0P0
AS
y1
y1
P1
LM1
r´1
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r
r´0
y
LM0
PAD
y
45°
y0 N
y0
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0P0
AS
y1
y1
P1
LM1
r´1
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r
r´0
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LM0
PAD
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45°
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y0
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0P0
AS
y1
y1
P1
LM1
r´1
Angebotsüberschuss
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r
r´0
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LM0
PAD
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y0
y(N, )y
W
P0ND
ND
W/P
(W/P)0
NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0P0
AS
y1
y1
P1
LM1
r´1
(W/P)1
W1
Angebotsüberschuss
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r
r´0
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PAD
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45°
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y0
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W
P0ND
ND
W/P
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NS
y
Se NP 0
0P
Pe
IS0
yN
N
W0P0
AS
y1
y1
P1
LM1
r´1
(W/P)1
W1
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r
r´0
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y0
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W
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NS
y
Se NP 0
0P
Pe
IS0
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N
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AS
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y2
y1
P1
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r´1
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W1