Chapter 13 Unemployment and Inflation Copyright © 2012 Pearson Education Inc.
Aggregate Supply How is aggregate supply different than supply? What are the components of AS? Why is this important? What is the difference between SRAS.
Ch. 14: Money and the Economy Del Mar College John Daly ©2003 South-Western Publishing, A Division of Thomson Learning.
Chapter 13 Unemployment and Inflation Copyright © 2016 Pearson Canada Inc.
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Norman SRAS LRAS LRPC PL SRPC PL e Y A E1E1E1E1 recession 1.Assume that the U.S. economy is currently in a recession in a short-run equilibrium. short.
Inflation, Disinflation, and Deflation Chapter 16(31) THIRD EDITIONECONOMICS and MACROECONOMICS MACROECONOMICS Paul Krugman | Robin Wells.
CHAPTER 34 The Making of Modern Macroeconomics PowerPoint® Slides by Can Erbil © 2005 Worth Publishers, all rights reserved.
Aggregate Supply How the Aggregate supply curve illustrates the relationship between the aggregate price level and the quantity of aggregate output supplied.
Aggregate Supply Mr. A Egan. Today we are learning Define short run AS (SRAS) Illustrate SRAS Explain what causes shifts in the SRAS Distinguish between.
Long Run Long Run Aggregate Supply. While engaged in a lesson on long- run aggregate supply, you will analyze the qualities of aggregate supply in the.
MACROECONOMICS
