econ205feb12

econ205feb12 - money in the economy 2 types of aggregate...

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

View Full Document Right Arrow Icon
ECON 205 February 12, 2008 aggregate supply aggregate demand not on midterm aggregate demand basically shows demand for GDP why aggregate demand is downward sloping, is because the price is also aggregate price (CPI), anytime that price rises, its the same as having less
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: money in the economy 2 types of aggregate supply 1. Potential GDP same as long run Money Illusion . .. AD shifters Fiscal Policy Monetary Policy Wealth Effect Consumer Confidence 2 major AS Shifters Oil Prices *Supply Shock) who controls money supply- Fed (bank)...
View Full Document

Ask a homework question - tutors are online