econ205feb7

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

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Econ 205 February 7, 2008 AD/AS Model Short-Run Long Run Potential GDP Actual GDP 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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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.

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