Short-Run Economic Fluctuations

2/1/2001


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Table of Contents

Short-Run Economic Fluctuations

Short-Run Economic Fluctuations

Three Key Facts About Economic Fluctuations

PPT Slide

Three Key Facts About Economic Fluctuations

PPT Slide

Three Key Facts About Economic Fluctuations

PPT Slide

How the Short Run Differs From the Long Run

The Basic Model of Economic Fluctuations

The Basic Model of Economic Fluctuations

The Basic Model of Economic Fluctuations

The Basic Model of Economic Fluctuations

Aggregate Demand and Aggregate Supply...

The Aggregate Demand Curve

Why the Aggregate Demand Curve Is Downward Sloping

The Price Level and Consumption: The Wealth Effect

The Price Level and Investment: The Interest Rate Effect

The Price Level and net Exports: The Exchange-Rate Effect

Why the Aggregate Demand Curve Might Shift

Why the Aggregate Demand Curve Might Shift

The Aggregate Supply Curve

The Long-Run Aggregate Supply Curve

The Long-Run Aggregate- Supply Curve...

The Long-Run Aggregate Supply Curve

Why the Long-Run Aggregate Supply Curve Might Shift

Why the Long-Run Aggregate Supply Curve Might Shift

Long-Run Growth and Inflation

Why the Short-Run Aggregate Supply Curve Slopes Upward in the Short Run

Why the Short-Run Aggregate Supply Curve Slopes Upward in the Short Run

The Misperceptions Theory

The Sticky-Wage Theory

The Sticky-Price Theory

Why the Aggregate Supply Curve Might Shift

Why the Aggregate Supply Curve Might Shift

The Long-Run Equilibrium

Shifts in Aggregate Demand

An Adverse Shift in Aggregate Supply

Stagflation

Policy Responses to Recession

The Effects of a Shift in Aggregate Supply

Summary

Summary

Summary

Summary

Summary

Summary

Author: Mark P. Karscig

Email: stutes@mnstate.edu

Home Page: web.mnstate.edu/stutes