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Business Fluctuations&
Aggregate Demand
Chapter _
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Main topics
Economic fluctuations
Features
Theories
Forecasting
Aggregate demand analysis asics
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Business Fluctuations !a"e Been a
#ersistent Feature of Capitalism
Chapter 23
Figure 23-1
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Business cycles
Features economy$%ide fe% years
'ecession
(pecial case) depression
'eco"ery
E*pansion
Deceleration
Theories
E*ogenous "s endogenous
Demand$induced
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A Business Cycle li+e the ,ear
!as -ts (easons
Chapter 23
Figure 23-2
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Business Acti"ity since ././
Chapter 23
Figure 23-3
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A Decline in Aggregate Demand
0eads to an Economic Do%nturn
Chapter 23
Figure 23-4
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Business cycles cont1d2
Forecasting usiness cycles
!o% ha"e %e done3
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!o% !a"e #rofessional
Forecasts #erformed3
Chapter 23
Figure 23-5
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Foundations of aggregate demand
Components
Consumption
-n"estment
4o"ernment
5et e*ports
Do%n$sloping demand cur"e descried
-mportant factors
Can the cycle e a"oided3
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Components of Aggregate
Demand
Chapter 23
Figure 23-6
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Mo"ement along "s6
(hifts of Aggregate Demand
Chapter 23
Figure 23-7
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Chapter 23
Table 23-1
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