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Aggregate Expenditure, GDP, Inflation, and AD-AS: Core Macroeconomics Study Notes

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Nominal GDP and Real GDP

Detailed Explanation of GDP Components

Expenditure Approach for Measuring GDP

Demand-Pull and Cost-Push Inflation

Costs of Inflation: Shoe-leather Costs and Menu Costs

Aggregate Expenditures Model and Macroeconomic Equilibrium

AE Model: Private Closed Economy

AE Model: Private Open Economy

AE Model and the Multiplier

AE Model: Algebraic Approach

Aggregate Demand

Shifting Aggregate Demand

Short Run Aggregate Supply

Long Run Aggregate Supply

AD-AS Model: Equilibrium in the Short Run and Long Run

Introduction to Fiscal Policy

Expansionary and Contractionary Fiscal Policy

Government Purchases and the Multiplier Effect

Taxes, the Multiplier Effect, and Automatic Stabilizers

Long Run Effects of Fiscal Policy

Labor Force and Unemployment

Market for Loanable Funds

Shifts in the Market for Loanable Funds