AGGREGATE SUPPLY AND AGGREGATE DEMAND Objectives After studying this chapter, you will able to  Explain what determines aggregate supply  Explain what determines aggregate…

1. LECTURE OUTLINE • Policy analysis with the IS-LM model – Monetary policy – Fiscal policy– Interaction between monetary and fiscal policies – Shocks in the IS-LM…

Principles of Macroeconomics, Case/Fair/Oster, 10e Prepared by: Fernando Quijano & Shelly Tefft CASE FAIR OSTER ‹#› of 30 PART III The Core of Macroeconomic Theory…

Slide 1 Aggregate Demand and Supply Rittenberg Macroeconomics Chapter 7 Rittenberg Macroeconomics Chapter 7 Slide 2 Why the Aggregate Demand Curve Slopes Downward (1) Aggregate…

Slide 1 Copyright © 2006 Pearson Education Canada Aggregate Supply and Aggregate Demand 22 CHAPTER Slide 2 Copyright © 2006 Pearson Education Canada Objectives After studying…

Slide 1 Slide 2 Aggregate Supply & Aggregate Demand NOT Supply & Demand Aggregate = Total national output (GDP) Two time frames Slide 3 Aggregate Supply & Aggregate…

Slide 1 Chapter 4 Consumption, Saving, and Investment Copyright © 2012 Pearson Education Inc. Slide 2 4-2 Consumption and Saving Changes in consumers’ willingness to spend…

Slide 1 Lecture 6 KEYNESIAN ECONOMICS & FISCAL POLICY Slide 2 AGGREGATE OUTPUT AND INCOME - 1 Each period (weeks, months, years, etc), firms produce some aggregate quantity…

Aggregate Demand, Aggregate Supply and Inflation Deriving the Aggregate Demand Curve Aggregate demand is the total demand for goods and services in the economy. To derive…

* ECON203 Principles of Macroeconomics Week 7 Topic: Aggregate Supply * Learning outcomes for student revision To learn about After studying these topics you should be able…