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Documents © 2008 Pearson Addison-Wesley. All rights reserved Chapter 11 Keynesianism: The Macroeconomics of.....

Slide 1© 2008 Pearson Addison-Wesley. All rights reserved Chapter 11 Keynesianism: The Macroeconomics of Wage and Price Rigidity Slide 2 © 2008 Pearson Addison-Wesley.…

Documents 1 9. Keynesian Macroeconomics in the AD-AS Model Abel, Bernanke and Croushore (chapter 11)

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…

Documents X VII. New Keynesian Economics

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…