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  • Say’s Law
Principles of Macroeconomics 2e
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Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.

Subject:
Economics
Material Type:
Full Course
Provider:
Rice University
Provider Set:
OpenStax College
Date Added:
06/29/2017
Principles of Macroeconomics 2e, The Aggregate Demand/Aggregate Supply Model, Introduction to the Aggregate Supply–Aggregate Demand Model
Unrestricted Use
CC BY
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In this chapter, you will learn about:
Macroeconomic Perspectives on Demand and Supply
Building a Model of Aggregate Demand and Aggregate Supply
Shifts in Aggregate Supply
Shifts in Aggregate Demand
How the AD/AS Model Incorporates Growth, Unemployment, and Inflation
Keynes’ Law and Say’s Law in the AD/AS Model

Subject:
Mathematics
Material Type:
Module
Provider:
Rice University
Provider Set:
OpenStax College
Date Added:
09/20/2018
Principles of Macroeconomics 2e, The Aggregate Demand/Aggregate Supply Model, Keynes’ Law and Say’s Law in the AD/AS Model
Unrestricted Use
CC BY
Rating

By the end of this section, you will be able to:

Identify the neoclassical zone, the intermediate zone, and the Keynesian zone in the aggregate demand/aggregate supply model
Use an aggregate demand/aggregate supply model as a diagnostic test to understand the current state of the economy

Subject:
Mathematics
Material Type:
Module
Provider:
Rice University
Provider Set:
OpenStax College
Date Added:
09/20/2018
Principles of Macroeconomics 2e, The Aggregate Demand/Aggregate Supply Model, Macroeconomic Perspectives on Demand and Supply
Unrestricted Use
CC BY
Rating

By the end of this section, you will be able to:

Explain Say’s Law and understand why it primarily applies in the long run
Explain Keynes’ Law and understand why it primarily applies in the short run

Subject:
Mathematics
Material Type:
Module
Provider:
Rice University
Provider Set:
OpenStax College
Date Added:
09/20/2018