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Unformatted text preview: Chapters 12-13 . Introduction to Business Cycles. Short run macro model or Keynesian model: main assumptions, finding equilibrium, multiplier effect, graphs, economic policy. Chapter 14 . Demand for money, equilibrium in the money market, how the Fed changes the interest rate, graphs. Chapter 15 . Definition of AD and AS, shifts of the curves, effects of shocks, graphs. Monetary policy: Fed's reaction to AD and AS shocks, graphs....
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- Spring '07