精品课件货币金融学版英文课件ch大学课.pptVIP

? 2005 Pearson Education Canada Inc. ? 2005 Pearson Education Canada Inc. ? 2005 Pearson Education Canada Inc. Chapter 25 Aggregate Demand and Supply Analysis ? 2005 Pearson Education Canada Inc. 第一页，共十六页。 Monetarist View of AD P ??Y 2000 V = = = 2 M 1000 Modern Quantity Theory of Money M ??V = P ??Y Implication: M determines P ??Y if V unrelated to ?M Deriving AD Curve M = 1000, V = 2 ? P ??Y = 2000 Point A: P = 2 Y = 1000 PY = 2 ??1000 Point B: P = 1 Y = 2000 PY = 1 ??2000 Point C: P = .5 Y = 4000 PY =.5 ??4000 Conclusion: P ? Y ?, downward sloping AD Shift in AD Curve M ?: P?Y ?, so at given P, Y ? ? AD shifts right ? 2005 Pearson Education Canada Inc. * 第二页，共十六页。 The AD Curve * ? 2005 Pearson Education Canada Inc. 第三页，共十六页。 Keynesian View of AD Yad = C + I + G + NX Downward Sloping AD P ?, M/P ?, i ?, I ?, NX ?, Yad ?, Y ? Shift in AD M ?, M/P ?, i ?, I ?, NX ?, Yad ?, Y ? ? AD shifts right C ? or G ? or T ? or NX ?: Yad ?, Y ? ? AD shifts right Complete Crowding Out G ?, i ? ? C ?, I ?, NX ? ? C + I + G + NX = Yad unchanged Partial crowding out: private spending down, but not fully offsetting G ? ? 2005 Pearson Education Canada Inc. * 第四页，共十六页。 Aggregate Supply in Short Run Upward slope of AS In short-run production costs fixed ? P ?, profits ?, Y produced ? Shift in AS Production costs ?: At given P, profits ??, Y ? ? AS shifts left * ? 2005 Pearson Education Canada Inc. 第五页，共十六页。 Equilibrium in Short Run Equilibrium: AD = AS If P P*, AS AD ? P ? to P* If P P*, AS AD ? P ? to P* * ? 2005 Pearson Education Canada Inc. 第六页，共十六页。 Equilibrium in Long Run Panel (a): Y Yn Wages ?: at given P, profits ?, Y produced ? ? AS shifts in until Y = Yn at long-run AS Panel (b): Y Yn Wages ?: at given P, profits ?, Y produced ? ? AS shifts out until Y = Yn at long-run AS Activist sees movement to long-run AS (self-correcting mechanism) as slow; nonactivist sees as fast ? 2005 Pearson Education Canada Inc. * 第七页，共十六页。 Su