Principles of Macroeconomics 2e covers the scope and sequence of most introductory …
Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain the aggregate supply curve and how it relates to real GDP and potential GDP Explain the aggregate demand curve and how it is influenced by price levels Interpret the aggregate demand/aggregate supply model Identify the point of equilibrium in the aggregate demand/aggregate supply model Define short run aggregate supply and long run aggregate supply
In this chapter, you will learn about: Macroeconomic Perspectives on Demand and …
In this chapter, you will learn about: Macroeconomic Perspectives on Demand and Supply Building a Model of Aggregate Demand and Aggregate Supply Shifts in Aggregate Supply Shifts in Aggregate Demand How the AD/AS Model Incorporates Growth, Unemployment, and Inflation Keynes’ Law and Say’s Law in the AD/AS Model
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