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Keynesianism: The Macroeconomics of Wage and Price Rigidity (Ch. 11 Study Notes)

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Classical Model and Keynesian Model

  • Guided course
    Classical Model
    02:54
  • Guided course
    Graphical Comparison of Classical Model and Keynesian Model
    03:41
  • Guided course
    Keynesian Model
    03:04

Labor Force and Unemployment

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    Problems with Measuring Unemployment
    04:35
  • Guided course
    Labor Force and Unemployment
    05:58

Unemployment: Minimum Wage Laws and Efficiency Wages

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    Unemployment: Efficiency Wages
    02:18
  • Guided course
    Unemployment: Minimum Wage Laws
    04:58

Monetary Policy and Aggregate Demand

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    Price Levels and the Money Market
    06:24
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    Monetary Policy and Aggregate Demand
    04:53
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    Interest Rates and Aggregate Demand
    06:42

Introduction to Fiscal Policy

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    Introduction; Discretionary Policy and Automatic Stabilizers
    09:33

Government Purchases and the Multiplier Effect

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    Government Purchases GDP Multiplier
    08:02

Taxes, the Multiplier Effect, and Automatic Stabilizers

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    Taxes as an Automatic Stabilizer
    03:50
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    Taxes and the GDP Multiplier
    05:11

The Financial Crisis of 2007-2009 (The Great Recession)

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    Great Recession
    10:32