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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 205 February 7, 2008 AD/AS Model Short-Run Long Run Potential GDP Actual GDP Aggregate Supply changes in oil prices = supply shocks
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

This note was uploaded on 02/19/2009 for the course ECON 20091_ECO taught by Professor Mohammadsafarzadeh during the Spring '09 term at USC.

Ask a homework question - tutors are online