1 aggregate demand exceeds aggregate supply

... Trang 1SHORT-RUN ECONOMIC FLUCTUATION Trang 24.1 Aggregate Demand and Aggregate Supply ▪ Economic fluctuations and their characteristics ▪ The model of aggregate demand and aggregate supply ... SRAS P1 Y1 The price level Real GDP, the The model determines the eq’m price level and eq’m output (real GDP). “Aggregate Demand” “Short-Run Aggregate Supply” Trang 7The Aggregate-Demand ... Trang 5The Basic Model of Economic Fluctuations ▪ Most economists use the model of aggregate demand and aggregate supply to study fluctuations ▪ The model focuses on the behavior of 2 variables:

Ngày tải lên: 27/02/2023, 07:52

... of aggregate demand and aggregate supplyPrice Level Quantity of Output Long-run aggregate supply, LRAS1980 Y1980 AD1980 P1980 LRAS1990 Y1990 AD1990 LRAS2000 Y2000 P1990 AD2000 P2000 1 In the long ... Trang 15The aggregate-demand curvePrice Level Quantity of Output P1 Aggregate demand Y1 A fall in the price level from P1 to P2 increases the quantity of goods and services demanded from Y1 to ... Trang 1Chapter 6 - Aggregate demand and aggregate supplyTrang 2I Fluctuation of the economy in the short run and its trend in the long run II Aggregate demand and Aggregate supply model

Ngày tải lên: 07/04/2021, 22:11

... total demand and total supply interact at the macroeconomic level This model is called the aggregate demand/ aggregate supply model This module will explain aggregate supply, aggregate demand, ... or facing high unemployment? How can you tell? Price Level: Aggregate Demand/Aggregate Supply Price Level Aggregate Demand Aggregate Supply Trang 6To begin to use the AD/AS model, it is important ... have a low unemployment rate Equilibrium in the Aggregate Demand/Aggregate Supply Model The intersection of the aggregate supply and aggregate demand curves shows the equilibrium level of real

Ngày tải lên: 31/10/2017, 11:11

... Shift in Aggregate Supply 1 An adverse shift in the short- run aggregate-supply curve Trang 26The Effects of a Shift in Aggregate Supply ¢ Stagflation — Adverse shifts in aggregate supply cause ... Trang 6The Aggregate-supply Curve ¢ Inthe long run, the aggregate-supply curve Is vertical ¢ Inthe short run, the aggregate-supply curve is upward sloping ¢ The Long-Run Aggregate-Supply Curve ... output Trang 10Long-Run Growth and Inflation 2 and œoadh in the Lang+un money supply shifts aggregate aggregate demand supply, LRASieo LRASoo LRA Sooo Price Ƒ— —> Trang 11A New Way

Ngày tải lên: 03/02/2020, 19:12

... Trang 1Supply29 Trang 7long as interest rates and tax rates do not change) Trang 9price level Trang 10P 10 Trang 13production costs Trang 16costs costs Productivity = total ... Trang 13production costs Trang 16costs costs Productivity = total outputtotal inputs Trang 17output Trang 18Price Level (Index Number)Real Output Supplied (Billions)

Ngày tải lên: 03/02/2020, 20:39

... Determinants of Aggregate Demand Trang 15Chapter 9 Topics Aggregate Demand Aggregate Supply: The Short Run Equilibrium: Real Output & the Price Level Short-Run & Long-Run Aggregate Supply Equilibrium ... 20Figure 9 - 10 P0 P1 Real GDP Trang 64Chapter 9 TopicsAggregate Demand Aggregate Supply: The Short Run Equilibrium: Real Output & the Price Level Short-Run & Long-Run Aggregate Supply Equilibrium ... TopicsAggregate Demand Aggregate Supply: The Short Run Equilibrium: Real Output & the Price Level Short-Run & Long-Run Aggregate Supply Equilibrium vs Full-Employment GDP Trang 37Aggregate

Ngày tải lên: 04/02/2020, 06:29

... Trang 14Aggregate Demand and Aggregate SupplyTrang 15The Aggregate-demand Curve• The four components of GDP (Y) contribute to the aggregate demand for goods and services Y = C + I + G + NX Trang 17Why ... deflator. Trang 13The Basic Model of Economic Fluctuations• The Basic Model of Aggregate Demand and Aggregate Supply – Economist use the model of aggregate demand and aggregate supply to explain ... analyze short-run economic fluctuations using the aggregate demand and aggregate supply model.• According to the model of aggregate demand and aggregate supply, the output of goods and services and

Ngày tải lên: 04/02/2020, 07:36

... During times of recession, unemployment rises  substantially. Trang 10Figure 1 A Look At Short-Run Economic 1965 1970 1975 1980 1985 1990 1995 2000 Unemployment rate Trang 11EXPLAINING SHORT-RUN ECONOMIC FLUCTUATIONS• ... Trang 16Figure 2 Aggregate Demand and Aggregate Supply Quantity of Output Price Level 0 Aggregate supply Aggregate demand Equilibrium output Equilibrium price level Trang 18Figure 3 The Aggregate-Demand ... Although many macroeconomic variables fluctuate  together, they fluctuate by different amounts. Trang 8Figure 1 A Look At Short-Run Economic 1965 1970 1975 1980 1985 1990 1995 2000 Investment spending Trang 9THREE KEY FACTS ABOUT ECONOMIC

Ngày tải lên: 04/02/2020, 08:17

... Trang 1Supply12 Trang 7long as interest rates and tax rates do not change) Trang 9price level Trang 10P 10 Trang 13production costs Trang 16costs costs Productivity = total ... Trang 13production costs Trang 16costs costs Productivity = total outputtotal inputs Trang 17output Trang 18Price Level (Index Number)Real Output Supplied (Billions)

Ngày tải lên: 04/02/2020, 16:41

... SRAS2 P3 P1 Y1 Y3 LRAS1 LRAS2 SRAS1 Price level AD Long run E1 SRAS3 LRAS1 SRAS1 Price level Output AD Short run E1 E3 E2 Suppose a permanent supply‐side shock hits the economy 24 © 2014 by McGraw‐Hill Education ... do not affect aggregate supply in the long  run. Long‐run aggregate supply (LRAS) Price level Output Long-run aggregate supply (LRAS) Yp P1 P2 • In the long run, the aggregate  supply curve is fixed. ... •Thelong‐run  aggregate supply curve (LRAS). •The short‐run aggregate supply curve (SRAS). Aggregate supply 12 © 2014 by McGraw‐Hill Education In the short run, the AS curve slopes  upward. Short‐run aggregate supply (SRAS)

Ngày tải lên: 14/10/2020, 14:24

... Trang 1Chapter 33Aggregate Demand and Aggregate Supply Sec00-Aggregate Demand and Aggregate Supply-Introduction MULTIPLE CHOICE 1 Most economists use the aggregate demand and aggregate supply ... shift a aggregate demand right b aggregate demand left c aggregate supply right d aggregate supply left 24 Trang 2582 When the money supply increasesa interest rates fall and so aggregate demand ... is highlighted 16 Trang 17Sec03-Aggregate Demand and Aggregate Supply-The Aggregate Demand CurveMULTIPLE CHOICE 4 When the price level falls the quantity of a consumption goods demanded rises,

Ngày tải lên: 01/02/2023, 16:20

... tiền lương thực ω1thì tại mức L1 doanh nghiệp sẽ tối đa hóa lợi nhuận. Tại đó, sản lượng mà doanh nghiệp sản xuất ra là Y1= F(K0; L1) Ví dụ • Cho hàm sản xuất Y = 12K 1/2 L 1/2 với K = 25 Hiện ... W = 10 và giá cả P = 2 Hãy cho biết số lao động mà doanh nghiệp thuê để tối đa hóa lợi nhuận Hãy tính sản lượng làm ra ở mức lao động này? • Bài giải: • MPL = ∂(12ᵡ25 1/2 L 1/2 )/∂L = 30L -1/2 ... )/∂L = 30L -1/2 • W/P = 10/2 = 5 • Tối đa hóa lợi nhuận khi MPL = W/P hay 30L -1/2 = 5 Vậy số lao động để tối đa lợi nhuận là: L* = 36. • Với L* = 36 thì Y = 12ᵡ25 1/2 36 1/2 = 360. Trang 6Macroeconomics/Nguyễn

Ngày tải lên: 01/02/2020, 16:47

... long-run aggregate supply Trang 11rise Trang 12• 1960s economists believed in stable, predictable tradeoff The Phillips Curve Trang 13and unemployment Trang 1414 13 12 11 10 9 8 7 6 5 4 3 2 1 Unemployment ... b 1 c 1 AS 2 AS 1 AS LR Q f Q 2 Q 3 AS 1 a 1 a 2 a 3 Trang 5Real Domestic Output Long Run Equilibrium P 1 Q f a AS 1 AS LR AD 1 Trang 6Real Domestic Output Demand-Pull Inflation P 1 Q f a AS 1 ... Trang 1Extending the Analysis of Aggregate Supply Trang 2From Short Run to Long RunTrang 3left Trang 4P 3 P 1 P 2 P 3 P 1 P 2 Q f Short-Run Aggregate Supply Long-Run Aggregate Supply a 1 a 2

Ngày tải lên: 04/02/2020, 04:05

... Supply Trang 11rise Trang 12• 1960s economists believed in stable, predictable tradeoff The Phillips Curve Trang 13and unemployment Trang 1414 13 12 11 10 9 8 7 6 5 4 3 2 1 Trang 15t) 100 m n l ... 1 P 2 Q f Short-Run Aggregate Supply Long-Run Aggregate Supply a 1 a 2 a 3 b 1 c 1 AS 2 AS 1 AS LR Q f Q 2 Q 3 AS 1 a 1 a 2 a 3 Trang 5Real Domestic Output Long Run Equilibrium P 1 Q f a AS 1 ... LR AD 1 AD 2 AS 2 b c P 2 P 3 Trang 9aggregate supply shift aggregate demand Trang 10Real GDP Consumer Goods Economic Growth, Ongoing Inflation Productions Possibilities Long Run Aggregate Supply

Ngày tải lên: 04/02/2020, 05:49

... 5000 1 AS 1.1 5100 AD 1 R 5000 1 AS 1 c P & Y cân bằng AD: Y = 2500/P+2500 AS: Y = 4000 + 1000P Cho AD=AS à2500/P+2500 = 4000 + 1000P à25/P - 10P – 15 = 0 hoặc10P 2 + 15P – 25 = 0 àP = 1 ; ... 5000; P e =1.0; α= 1000; à AS: Y = 5000 + 1000(P-1.0) Vẽ đường AS P=1àY=5000 ; P=1.1àY=5100 P 1 5000 5100 Y * LAS: 5000 vì P = P e = 1 LAS 6.5 Nhân tố làm dịch chuyển AS & LAS 6.5.1 Dịch chuyển ... – b1(W0/ P)] Ví dụ về AS: Y = a0 – a1 / L LD= 1600 – 4 (150 / P); L = LD Y = 7000 – 2.600.000 / L 1.600 – 4 (150 / P) Vẽ đường AS P=1àL=1000,Y=4400 P=1.5àL=1200,Y=4833 P=2.0àL=1300,Y=5000 2 1.5

Ngày tải lên: 04/02/2020, 16:01

... the ASP • 11–16, page 141 Unit turn-in actions at the ASP • 11–17, page 141 Section V Physical Security, Amnesty, Inspections, and Audits, page 141 Physical security • 11–18, page 141 Amnesty ... page 145 Figure 11–2: Sample of a completed DD Form 5514-R, page 146 Figure 11–9: Sample of a DA Form 581, page 153 Figure 11–10: Sample of a DA Form 581, page 155 Figure 11–11: Sub-issue document ... 5204 • 11–12, page 139 Issuing training ammunition to users • 11–13, page 140 Specially controlled training ammunition • 11–14, page 140 User return of ammunition and residue • 11–15, page 140 Preparing

Ngày tải lên: 12/05/2024, 22:35

... -.- - ccnn nh HH hướt 6 H Global Supply Chạn of Coca Cola - L0 1222111122 2111211 1112111112221 11x re 7 PP /P0 can 00.1.1101 .a 10 P2» (00082 /20)2 II PM) nh ố II Trang 33 Operation management ... HH n1 111011111111 re 19 4.2 Route Optimization Technology à T0 120111221112 ng re 19 4.4, Automation in the warehouse - nh HH ray 20 Bì ›\(¡0)0v()(‹i-a 20 IS) ciU/ ga 21 'S II a5 21 ... 0022211122211 121 115 111 1n 21111 key 21 “Ôn 22 Trang 4I Overview about Coca-Cola Company 1 Introduction about Coca-Cola Company 1.1 Overview The Coca-Cola Company was formed in Atlanta in 1892

Ngày tải lên: 12/08/2024, 14:35

... 22 Aggregate Supply and Shifts in Aggregate Supply Curves3 Equilibrium in Aggregate Demand and Supply Analysis 4 Changes in Equilibrium: Aggregate Demand Shocks 5 Changes in Equilibrium: Aggregate ... expenditure and aggregate demand, so that aggregate demand falls:. Aggregate demand falls at any given inflation rate and the aggregate demand curve shifts to the left as in Figure 1 ↑   => ... rate level ¶1 Trang 55business spending, decreasing aggregate demand and shifting the aggregate demand curve to the left from AD1 to AD2. - At point 2, as our aggregate demand and supply analysis

Ngày tải lên: 01/08/2017, 11:17

... reserved 20-11 © 2016 Pearson Education Ltd All rights reserved 23-11 Summary Table 1 Factors That Shift the Aggregate Demand Curve Trang 12Aggregate Supply• Long-run aggregate supply curve: ... 20-13 © 2016 Pearson Education Ltd All rights reserved 23-13 Figure 3 Long- and Short-Run Aggregate Supply Curves Trang 14Shifts in Aggregate Supply Curves• Shifts in the long run aggregate supply ... (holding the aggregate demand curve constant). Trang 31© 2016 Pearson Education Ltd All rights reserved 20-31 © 2016 Pearson Education Ltd All rights reserved 23-31 Figure 12 Temporary Negative Supply

Ngày tải lên: 30/06/2018, 08:46

... ca Vit Nam 19 56 - 2006 GDP thc t 20.0 10 .0 5.0 0.0 -5.0 -10 .0 -15 .0 19 56 19 59 19 62 19 65 19 68 19 71 19 74 19 77 19 80 19 83 19 86 19 89 19 92 19 95 19 98 20 01 20 04 Tc tng (%) 15 .0 2006 ... 2005 2004 2003 2002 20 01 2000 19 99 19 98 19 97 19 96 19 95 19 94 19 93 19 92 19 91 1990 19 89 19 88 19 87 19 86 Tc tng (%) Tc tng trng kinh t hng nm ca Vit Nam 19 86 - 2006 GDP thc t 12 10 Ngn hn v di hn Ngn ... spending 1, 200 1, 000 800 600 400 200 19 65 19 70 19 75 19 80 19 85 19 90 19 95 2000 Bin ng kinh t ngn hn (c) T l tht nghip_Unemployment Rate % LLL 12 10 Unemployment rate 19 65 19 70 19 75 19 80 19 85 19 90 19 95...

Ngày tải lên: 01/08/2014, 20:21