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

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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
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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)...
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