By the end of this section, you will be able to: Contrast …
By the end of this section, you will be able to:
Contrast expansionary monetary policy and contractionary monetary policy Explain how monetary policy impacts interest rates and aggregate demand Evaluate Federal Reserve decisions over the last forty years Explain the significance of quantitative easing (QE)
By the end of this section, you will be able to: Analyze …
By the end of this section, you will be able to:
Analyze whether monetary policy decisions should be made more democratically Calculate the velocity of money Evaluate the central bank’s influence on inflation, unemployment, asset bubbles, and leverage cycles Calculate the effects of monetary stimulus
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 structure and organization of the U.S. Federal Reserve Discuss how central banks impact monetary policy, promote financial stability, and provide banking services
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain how banks act as intermediaries between savers and borrowers Evaluate the relationship between banks, savings and loans, and credit unions Analyze the causes of bankruptcy and recessions
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
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain how imports influence aggregate demand Identify ways in which business confidence and consumer confidence can affect aggregate demand Explain how government policy can change aggregate demand Evaluate why economists disagree on the topic of tax cuts
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain crowding out and its effect on physical capital investment Explain the relationship between budget deficits and interest rates Identify why economic growth is tied to investments in physical capital, human capital, and technology
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 national saving and investment identity in terms of demand and supply Evaluate the role of budget surpluses and trade surpluses in national saving and investment identity
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