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The Economics of Money, Banking, and Financial Markets;Preview;Learning Objectives (1 of 2);Learning Objectives (2 of 2);Aggregate Demand (1 of 3);Aggregate Demand (2 of 3);Aggregate Demand (3 of 3);Figure 1 Leftward Shift in the Aggregate Demand Curve;Figure 2 Rightward Shift in the Aggregate Demand Curve;Factors That Shift the Aggregate Demand Curve;Summary Table 1 Factors That Shift the Aggregate Demand Curve;Aggregate Supply;Figure 3 Long- and Short-Run Aggregate Supply Curves;Shifts in Aggregate Supply Curves;Figure 4 Shift in the Long-Run Aggregate Supply Curve;Shifts in the Short-Run Aggregate Supply Curve ;Summary Table 2 Factors That Shift the Short-Run Aggregate Supply Curve;Figure 5 Shift in the Short-Run Aggregate Supply Curve from Changes in Expected Inflation and Price Shocks;Figure 6 Shift in the Short-Run Aggregate Supply Curve from a Persistent Positive Output Gap;Equilibrium in Aggregate Demand and Supply Analysis ;Short-Run Equilibrium;Figure 7 Short-Run Equilibrium;Figure 8 Adjustment to Long-Run Equilibrium in Aggregate Supply and Demand Analysis;Self-Correcting Mechanism;Changes in Equilibrium: Aggregate Demand Shocks;Figure 9 Positive Demand Shock;Figure 10 The Volcker Disinflation: 1980–1986;Figure 11 Negative Demand Shocks, 2000–2004;Changes in Equilibrium: Aggregate Supply (Price) Shocks (1 of 2);Changes in Equilibrium: Aggregate Supply (Price) Shocks (2 of 2);Figure 12 Temporary Negative Supply Shock;Figure 13 Negative Supply Shocks, 1973–1975 and 1978–1980;Permanent Supply Shocks and Real Business Cycle Theory;Figure 14 Permanent Negative Supply Shock;Figure 15 Positive Supply Shocks, 1995–1999;Conclusions;Figure 16 Negative Supply and Demand Shocks and the 2007–2009 Crisis;AD/AS Analysis of Foreign Business Cycle Episodes ;Figure 17 U.K. Financial Crisis, 2007–2009;Figure 18 China and the Financial Crisis, 2007–2009;Appendix to Chapter 22: The Phillips Curve and the Short-Run Aggregate Supply Curve;Figure 1 Inflation and Unemployment in
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