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Macroeconomics Midterm Review: Chapters 9, 10, 12, and 13 (Unemployment, Inflation, Economic Growth, Aggregate Expenditure, and Aggregate Demand/Supply)

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Labor Force and Unemployment

Types of Unemployment

Unemployment: Minimum Wage Laws and Efficiency Wages

Nominal Interest, Real Interest, and the Fisher Equation

Growth Rates and the Rule of 70

Savings Equal Investment

Market for Loanable Funds

Shifts in the Market for Loanable Funds

Business Cycles and Their Characteristics

The Consumption Function

Multiplier Effect of Investment Spending

Aggregate Expenditures Model and Macroeconomic Equilibrium

AE Model: Graphing Macroeconomic Equilibrium

AE Model and the Multiplier

Deriving Aggregate Demand from the Aggregate Expenditure Model

AE Model: Algebraic Approach

Aggregate Demand

Shifting Aggregate Demand

Long Run Aggregate Supply

Short Run Aggregate Supply

Shifting Short Run Aggregate Supply

AD-AS Model: Shifts in Aggregate Demand

Dynamic AD-AS Model: Introduction

Classical Model and Keynesian Model

Monetarist Model

New Classical Model