Slide 1 Slide 2 Slide 3 discretionary 1. What is the difference between discretionary and nondiscretionary nondiscretionary fiscal policy? expansionary 2. What is the cause-effect…
Slide 1 Slide 2 Slide 3 I. AD/AS Model To Analyze changes in real GDP & price level simultaneously Provides insights on inflation, unemployment, & economic growth…
Slide 1 Slide 2 Aggregate Demand/Aggregate Supply The Alpha and Omega of Macroeconomics Graphs Slide 3 Consumption Capital Production Possibilities Curve/Gross Domestic Product…
Slide 1 1.Gross domestic product 2.The business cycle 3.The U.S. economic record 4.Aggregate demand curve 5.Aggregate supply curve 6.Equilibrium GDP and price level Slide…
Slide 1 Slide 2 Fiscal and Monetary Policy Effects Outline: 1.What is fiscal and monetary policy and how do they work? 2.The Federal Budget 3.Principles of taxation 4.The…
Slide 1 Chapter 10 Bringing in the Supply Side: Unemployment and Inflation? We might as well reasonably dispute whether it is the upper or the under blade of a pair of scissors…