1. Aggregate demand andaggregate supply 2. Keynesian theory General theory of employment, interest andmoney Level of output/income and employmentdepends on level of…
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES STA. MESA, MANILA AGGREGATE SUPPLY AND ALL NATIONAL INCOME Submitted by: Erennie D.Fabiolas Donna Luz R. Ople Royce P.Pardo Ma.…
Slide 1http://apeconomics.ncee.net Unit 3 : Macroeconomics National Council on Economic Education Simple Keynesian Model Planned aggregate expenditure = C + I + G + NX 45…
1.Monetary and Fiscal Policies2. Short-Run Economic Fluctuation Economic activity fluctuates from year to year. Arecessionis a period of declining real incomes, and rising…
1.Aggregate Demand and Supply2. Aggregate Demand and Supply 3. Aggregate Demand (AD) 4. Aggregate Demand The sum of all expenditure in the economy over a period of time Macro…
1. Monetary and FiscalPolicies 2. Short-Run EconomicFluctuationEconomic activity fluctuates from year toyear.A recession is a period of declining realincomes, and rising…
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…