Slide 1EC202A Macroeconomics The AS-AD model Reading material that you may find useful: - Abel, Bernanke and McNabb, Chapters 11 and 13 - Abel, Bernanke, 5th ed, Chapters…
Slide 1Money, Output, and Prices Slide 2 M1 Money SupplyCPI (1987=100) Over the long term, money is highly positively correlated with prices, but uncorrelated with income…
Aggregate Supply and Demand Chapter 8 * Aggregate Demand and Supply * This is going to look similar to what we have done before but conceptually it is pretty different What…
MACROECONOMICS Chapter 9 Introduction to Economic Fluctuations * Short Run Fluctuations What causes them? Can policymakers avoid recessions? Plan of the chapter Data describing…