IAMA Lecture 10 AS‐AD model and short‐run macroeconomic fluctuations
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=9CcWO_AZhdo
Overview: • • Cycle versus trend – thinking about the business cycle as a deviation from trend • • Some business cycle facts • • Review: The AS-AD model as a “macro for undergraduates” • • Slutsky’s idea again – shocks and propagation (transmission) • • Understanding the shocks • • Understanding the propagation mechanism • by Prof. Burda • more helpful content: • https://www.youtube.com/@macronotes36... • #macroeconomics #analysis #cycle #trend #AS-AD #slutsky #shocks
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