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  • aggregate-demand
Principles of Macroeconomics 2e, The Neoclassical Perspective, The Building Blocks of Neoclassical Analysis
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Principles of Macroeconomics 2e, The Neoclassical Perspective, The Building Blocks of Neoclassical Analysis
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By the end of this section, you will be able to:

Explain the importance of potential GDP in the long run
Analyze the role of flexible prices
Interpret a neoclassical model of aggregate demand and aggregate supply
Evaluate different ways for measuring the speed of macroeconomic adjustment

Material Type:
Module
Date Added:
09/20/2018
MoreLess
Principles of Macroeconomics 2e, The Neoclassical Perspective, The Policy Implications of the Neoclassical Perspective
Unrestricted Use
CC BY
Principles of Macroeconomics 2e, The Neoclassical Perspective, The Policy Implications of the Neoclassical Perspective
Rating
0.0 stars

By the end of this section, you will be able to:

Discuss why and how economists measure inflation expectations
Analyze the impacts of fiscal and monetary policy on aggregate supply and aggregate demand
Explain the neoclassical Phillips curve, noting its tradeoff between inflation and unemployment
Identify clear distinctions between neoclassical economics and Keynesian economics

Material Type:
Module
Date Added:
09/20/2018
MoreLess