econ101fall11lecture6 - Aggregate Demand Aggregate Supply...

Info icon This preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Aggregate Demand & Aggregate Supply Analysis Required Readings Chapter 8, pp. 155-159 Chapter 9, pp. 174-176 & 185 Chapter 10, pp. 193-199
Image of page 1

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

View Full Document Right Arrow Icon
Motivation Previous Model: Unable to analyze the effects on C+I of the Decline in Housing prices and the Financial Crisis Relax the assumption of “ Completely Slack Conditions Expand the analytical framework to allow both P and Y to vary
Image of page 2
Objective Derive the Aggregate Demand Curve AD = Aggregate Demand Curve
Image of page 3

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

View Full Document Right Arrow Icon