1.Chapter Ten 1 A PowerPoint™Tutorial to Accompany macroeconomics, 5th ed. N. Gregory Mankiw ® Aggregate Demand 2. Chapter Ten 2 The Great Depression caused many economists…
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Slide 1 Chapter Ten1 CHAPTER TEN Aggregate Demand I Slide 2 Chapter Ten2 The Great Depression caused many economists to question the validity of classical economic theory…
Slide 1 Chapter The Short-Run Trade-off between Inflation and Unemployment 22 Slide 2 The Phillips Curve Phillips curve – Shows the short-run trade-off – Between inflation…
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Aggregate Demand I The Economy in the Short-run Source: "Macroeconomics" , Mankiw, Fourth Edition: Chapter 10, Fifth Edition: Chapter 10 Introduction Here, we continue…