mod文档新el(宏观经济学-加州大学-詹姆斯·布拉德福特·德.pptVIP

CHAPTER 6 Building Blocks of the Flexible-Price Model Questions What is a full-employment analysis? What keeps the economy at full employment when wages and prices are flexible? What determines the level of consumption spending? What determines the level of investment spending? Questions What determines the level of net exports? What determines the level of the exchange rate? Full-Employment Analysis We will now look at the economy over the short-run a period in which its productive resources are fixed We will assume that wages and prices are flexible so that all markets clear supply equals