AD everything Natural Rate of along exports Unemployment asset Factors of Production not better (or stronger) FED (Federal Reserve) not counted businesses Fiscal, Congress not counted C, G flawed opportunity cost C, G flexible peaks, troughs C, G, Ig flexible product life C + Ig + G + Xn floors, ceilings Ratchet Capital/Financial gain real Capital Goods, Consumer GDP real Goods good S Ig S or D lines ceteris paribus Comparative increase savings consumers, entire economy individuals Say’s consumption inflation services cost inflation shortages counted interest SRAS Current inverse stable cuts inverse Stagflation cuts inefficient, efficient, not supply cuts, increases, deficits available yet Supply Shocks demand liability surpluses Demand Deposits line, quantity the same decrease loss of supply depreciate LRAS time Easy Misery trough, trough EP and EQ money supply unemployment entire, opposite MV = PQ vertical equal Natural Rate of Unemployment
AD along asset better (or stronger) businesses C, G C, G C, G, Ig C + Ig + G + Xn Capital/Financial Capital Goods, Consumer Goods ceteris paribus Comparative consumers, entire economy consumption cost counted Current cuts cuts cuts, increases, deficits demand Demand Deposits decrease depreciate Easy EP and EQ entire, opposite equal everything exports Factors of Production FED (Federal Reserve) Fiscal, Congress flawed flexible flexible floors, ceilings gain GDP good Ig increase individuals inflation inflation interest inverse inverse inefficient, efficient, not available yet liability line, quantity loss of supply LRAS Misery money supply MV = PQ Natural Rate of Unemployment Natural Rate of Unemployment not not counted not counted opportunity cost peaks, troughs product life Ratchet real real S S or D lines savings Say’s services shortages SRAS stable Stagflation supply Supply Shocks surpluses the same time trough, trough unemployment vertical
Semester%20Topics%20and%20Graphs.docx