econ205feb7 - Wage equation W = p^e F(U,Z U = unemployment...

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Econ 205 February 7, 2008 AD/AS Model Short-Run Long Run Potential GDP Actual GDP Production Function & Supply Wage & Price Link AD & AD Shifters AS & AS Shifters Aggregate Supply changes in oil prices = supply shocks
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Unformatted text preview: Wage equation - W = p^e F(U,Z) U = unemployment, Z= Yp = potential GDP Y= AD = C+I+G+X-M AD Shifters: Monetary Policy Fiscal Policy Wealth Effect Consumer Confidence...
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