Aggregate Supply and Demand
Über den Vortrag
Der Vortrag „Aggregate Supply and Demand“ von James DeNicco ist Bestandteil des Kurses „Principles of Macroeconomics (EN)“. Der Vortrag ist dabei in folgende Kapitel unterteilt:
- Introduction: Aggregate Supply and Demand
- Business Cycles
- The Aggregate Demand Curve
- The Long & Short Run Aggregate Supply Curve
- Recovery Through Wages / Shifts in Long Run Aggregate Supply
Quiz zum Vortrag
In the Aggregate Supply & Demand model the _________ curve is a vertical line with respect to the aggregate price level.
- Long-run Aggregate Supply
- Aggregate Demand
- Long-run Aggregate Demand
- Short-run Aggregate Supply
The Wealth Effect tells us that as prices increase, consumption _________ and aggregate demand _________.
- Decreases; decreases
- Increases; increases
- Increases; decreases
- Decreases; increases
The Interest Rate Effect tells us that as prices increase, the real interest rate _________ , investment _________ and aggregate demand _________.
- Increases; decreases; decreases
- Decreases; increases; increases
- Increases; increases; increases
- Decreases; decreases; decreases
Which is a reason that Short Run Aggregate Supply is upward sloping?
- Sticky Wages
- Wealth Effect
- Interest Rate Effect
- Exchange Rate Effect
The sticky wages theory says that _________ wages cannot adjust immediately as prices rise, which drives _________ wages _________.
- Nominal; real; down
- Nominal; nominal; up
- Real; nominal; down
- Real; real; down
Dozent des Vortrages Aggregate Supply and Demand
James DeNicco
Dr. DeNicco graduated from Drexel University in 2013. His primary field is Macroeconomics and his secondary field is Industrial Organization. His primary research interests are in Macroeconomics and applied Macroeconomics, especially the relationship between GDP growth and labor dynamics.
His focus is on jobless recovery, which explores the speed of recovery in unemployment rates post recession, controlling for GDP growth. He is currently an Assistant Professor at the University of Tampa, where he teaches both Macroeconomics and Microeconomics.
Dr. DeNicco also does work as a Research Associate for the Center for Labor Markets and Policy. In that role he has conducted extensive work with BLS and BEA data regarding estimation and forecasting techniques used by the Massachusetts Governor’s Office and the Rhode Island Department of Labor.
In addition, he collaborates on research identifying the determinants of successful transitions from high school to college and persistence in college, with the goal of identifying major transition barriers needing either program or policy intervention.
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