MDU Macroeconomics Lecture 3
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MDU Macroeconomics Lecture 3
- 1. Unemployment, Aggregate Demand and the Surplus Approach MDU Macroeconomics Lecture 3
- 4. Business Cycles & Keynes
- 7. Ireland’s Real GDP Growth vs EU-6, 1960-2000
- 10. Aggregate Demand Price Level Real GNP A B AD1 AD2 P1 GNP1 GNP2
- 11. The Aggregate-Demand Curve... 0 Quantity of Output Price Level Aggregate demand P 1 Y 1 Y 2 P 2 2. …increases the quantity of goods and services demanded. 1. A decrease in the price level...
- 12. Shifts in the Aggregate Demand Curve... 0 P 1 Y 1 Quantity of Output Price Level Aggregate demand, D 1 D 2 Y 2
- 14. Aggregate Supply Price Level Real GNP P1 P2 GNP1 AS1 AS2 A B
- 18. Aggregate Supply and Demand
- 19. Unemployment
- 21. Growth & Stylised Facts