Few strategies help long run and help short run

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Unformatted text preview: es Help Long-Run And Help Short-Run Administrative Matters Overview of Course Review of Economics 1 Administrative Matters Overview of Course Review of Economics 1 4 8/27/2009 1:35 PM Three models, continued [3] Short-run fluctuations (Chapters 9-12) Short9What determines real GDP in the short run? Econ 1 review, continued The unemployment rate is not a perfect indicator of the "unemployment problem." Administrative Matters Overview of Course Review of Economics 1 Administrative Matters Overview of Course Review of Economics 1 Review of Econ 1 Principles GDP is simultaneously a measure of aggregate output and aggregate income Econ 1 review, continued In the Keynesian model, Planned Expenditures (or, Aggregate Demand) is equal to C + I + G + NX Administrative Matters Overview of Course Review of Economics 1 Administrative Matters Overview of Course Review of Economics 1 5 8/27/2009 1:35 PM Econ 1 review, continued Macroeconomic equilibrium in the Keynesian model is characte...
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