33章总需求和总供给要点.ppt

* 复习题全部 问题和应用：2、3、5、10 * Recessions (represented by the shaded bars) are of different durations and do not occur with any regularity. Hence, the common term “business cycle” is a bit misleading, as “cycle” implies something more regular and predictable. UNITS: Billions of chained 2000 dollars ORIGINAL SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis WEBSITE WHERE I FOUND THIS DATA: /fred2/ SERIES: GDPC1 * Point out that investment falls during each recession. This is true of other variables as well: When the economy is in recession, incomes fall, consumer spending falls, profits fall, many stock prices fall, tax revenue falls (causing the budget deficit to rise), and spending on imports falls (causing the trade deficit to shrink). UNITS: Billions of chained 2000 dollars ORIGINAL SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis WEBSITE WHERE I FOUND THIS DATA: /fred2/ SERIES NAME: GPDIC1 * During each recession, the unemployment rate rises. When firms cut back on production, they don’t need as many workers. Similarly, during expansions, we see the unemployment rate falling – as firms increase their output, they need more workers. UNITS: Percent of labor force (seasonally adjusted) ORIGINAL SOURCE: U.S. Department of Labor, Bureau of Labor Statistics WEBSITE WHERE I FOUND THIS DATA: /fred2/ series “UNRATE” Note: The source data was monthly. To be consistent with Figure 1c of the text, I graphed quarterly data, where each quarterly value is a simple average of the three monthly values. * This is a slide you can probably cut if you wish to shorten your presentation of this chapter. It would be fine to just state this information verbally. * If you have covered the long-run chapters before this one, then your students have seen these terms already. It may be worth reminding your students that the Classical Dichotomy is what allowed us to study the real variables (like real GDP and its growth rate, the u