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Fundamentals of Economics
, Second Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
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Chapter Outlines
Chapter 12: Macroeconomic Equilibrium: Aggregate Demand and Supply
- Aggregate Demand, Aggregate Supply, and
Business Cycles
- Aggregate Demand and Business Cycles
- Aggregate Supply and Business Cycles
- A Look Ahead
- Factors That Influence Aggregate Demand
- Consumption
- Investment
- Government Spending
- Net Exports
- Aggregate Expenditures
- The Aggregate Demand Curve
- Changes in Aggregate Quantity Demanded:
Price-Level Effects
- Changes in Aggregate Demand: Nonprice
Determinants
- Aggregate Supply
- Changes in Aggregate Quantity Supplied:
Price-Level Effects
- Short-Run Versus Long-Run Aggregate
Supply
- Changes in Aggregate Supply: Nonprice
Determinants
- Aggregate Demand and Supply Equilibrium
- Short-Run Equilibrium
- Long-Run Equilibrium
Summary/Key Terms/Exercises
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