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Aggregate demand and aggregate supply (Causes of economic fluctuation…
Aggregate demand and aggregate supply
Causes of economic fluctuation
Shift in aggregate demand curve
Shift in aggregate supply curve
Aggregate demand curve
Y=C+I+G+NX
Aggregate demand downward sloping because
The price level and Investment
The interest rate effect
The price level and net export
The exchange rate effect
The price level and consumption
The wealth effect
Aggregate demand shift
Investment
Government Purchase
Comsumption
Net exports
Aggregate supply curve
slope upward by 3 theory
Sticky-price theory
Misperception theory
Sticky Wage theory
Aggregate curve shift
Capital
Natural Resources
Labor
Technology
Expected price level
Short- run Economic Fluctuations
Fact about economic fluctuation
Economic fluctuations are irregular and unpredictable
Most macroeconomic variables fluctuate together
As output falls, unemployment rises