Slide 1 1 9. Keynesian Macroeconomics in the AD-AS Model Abel, Bernanke and Croushore (chapter 11) Slide 2 2 Syllabus Outline 1. Introduction to Macroeconomics 2. The measurement…
XVII. New Keynesian Economics XVII.1 AD – AS model once again Agregate demand : both in long and short term decreasing function of price Agregate supply In the long run…