Chapter_11 - Warning: The purpose of these lecture notes is...

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Warning: The purpose of these lecture notes is just to aid you in studying, and they are not designed to replace the textbook or the lectures. Technical problems with the web site do not absolve you of responsibility for lecture material. If you choose to skip a lecture and rely on the web site lecture notes, you do so at your own risk. For tests and exams you are responsible for all material covered in lecture, including material on the chalkboard and overhead projector. If you missed a lecture, be sure to get the complete lecture notes from another student. Chapter Eleven Monetary Policy and Fiscal Policy in the Short Run Learning Outcomes This chapter explains: The relationship between prices, aggregate expenditure, and aggregate demand The determinants of the slope and the position of the AD curve Short-run equilibrium output and price The objective of fiscal policy The effects of fiscal policy on output, prices, and the public debt The effects of monetary policy on output and prices in the short run
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Chapter_11 - Warning: The purpose of these lecture notes is...

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