PART TWO GDP Growth, and Instability , 6 7 8 9 AN INTRODUCTION TO MACROECONOMICS MEASURING DOMESTIC OUTPUT AND NATIONAL INCOME ECONOMIC GROWTH BUSINESS CYCLES, UNEMPLOYMENT,…

Slide 1 Slide 2 Demand and Supply CHAPTER 4 Slide 3 C H A P T E R C H E C K L I S T When you have completed your study of this chapter, you will be able to 1 Distinguish…

Slide 1 Slide 2 Demand and Supply CHAPTER 4 Slide 3 When you have completed your study of this chapter, you will be able to C H A P T E R C H E C K L I S T Distinguish between…

Slide 11 Sector-Specific Technical Change Susanto Basu Boston College and NBER Jonas Fisher Federal Reserve Bank of Chicago John Fernald Federal Reserve Bank of San Francisco…

Slide 1Three Models of Aggregate Supply The sticky wage, imperfect- information, and sticky price models. Slide 2 Model Background Most economists analyze short-run fluctuations…

Slide 1Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. 9-1 CHAPTER 9 The Income-Expenditure Framework: Consumption and the Multiplier Slide 2 Copyright…

Slide 1Review of Exam 1 Slide 2 1. In a simple model of the supply and demand for pizza, the endogenous variables are: A) the price of pizza and the price of cheese. B) aggregate…

Slide 1Lectures 22 & 23: DETERMINATION OF EXCHANGE RATES Building blocs - Interest rate parity - Money demand equation - Goods markets Flexible-price version: monetarist/Lucas…

Slide 1Price Q Supply Demand Q e P e Supply and Demand graphs- The Basics The purpose of this graph is to look at markets. Free Market Price and Quantity Slide 2 Price Level…

Slide 1macroeconomics fifth edition N. Gregory Mankiw PowerPoint ® Slides by Ron Cronovich macro © 2003 Worth Publishers, all rights reserved CHAPTER THIRTEEN Aggregate…