Chapter 15. Dynamic Model of Aggregate
Demand and Supply
Link to syllabus
Figure 14-1, p. 416. Federal Funds Rate: Actual
and Suggested
Figure 14-2. p. 419. The Dynamic Aggregate
Supply Curve
Table 14-1 p. 417. Variables in the Model
Fig 14-3 p. 421. Dynamic AD Curve
Fig. 14-4 p. 422. Short Run Equilibrium
Fig 14-5 p. 423. An Increase in the Natural
Level of Output
Fig 14-6 p. 424. A Supply Shock
Fig 14-7 p. 426. Dynamic
Response to a Supply Shock
Fig 14-8 p. 428. A Demand Shock.
Fig. 14-9 p. 429. Response
to a Demand Shock
Fig. 14-10 p. 430. A Reduction in Target
Inflation
Fig. 14-11.
Dynamic
Response to a
Reduction in
Inflation
Fig 14-12 p. 433.
Two Possible
Responses to a
Supply Shock
With a flat or a steep
AD curve
Fig. 14-13, p. 437 The Importance of the Taylor
Principle