AGGD_SCLASS

AGGD_SCLASS - 1 1 SR Keynesian Macro Aggregate Demand and...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 1 1 SR Keynesian Macro Aggregate Demand and Supply The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. In the long-run we are all dead 2 In the News? 3 Course Issues Quiz1 hw2 Quiz Clickers register at iclicker.com Problems? Discussion Boards not emails Introductions, what, hw qs ODE econweb.rutgers.edu/sheflin Short-Run Supply ONLY 2 4 Output and Prices in SR (Keynesian) Aggregate D&S Versus Micro D&S Agg D=C+I+G+NX C=f(Y-T,Wealth) I=f(i) G exog NX Agg D downward sloping P M/P r I D (p,y) Aggregate S curve Qs=f(P) cet. par....
View Full Document

Page1 / 7

AGGD_SCLASS - 1 1 SR Keynesian Macro Aggregate Demand and...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online