Lecture Macroeconomics (20/e): Chapter 18 - McConnell, Brue, Flynn

Chapter 18 - Extending the analysis of aggregate supply. We will analyze how aggregate demand and supply change as we move from the short run to the long run. We will apply this model to cost-push inflation, demand-pull inflation, and economic growth. The Phillips curve is introduced along with the impact of taxes and aggregate supply and taxes and economic growth.