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  • 28.4: Historical Federal Reserve Policies
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/28%3A_Monetary_Policy/28.4%3A_Historical_Federal_Reserve_Policies
    Paul Volcker, the 12th Chairman of the Federal Reserve, became known for lowering the inflation rate and achieving price stability.
  • 32.3: Equilibrium
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/32%3A_Open_Economy_Macroeconomics/32.3%3A_Equilibrium
    In an open economy, equilibrium is achieved when no external influences are present; the state of equilibrium between the variables will not change.
  • 23.1: The Relationship Between Inflation and Unemployment
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/23%3A_Inflation_and_Unemployment/23.1%3A_The_Relationship_Between_Inflation_and_Unemployment
    The Phillips curve shows the inverse relationship between inflation and unemployment: as unemployment decreases, inflation increases.
  • 9.4: Shifts in Aggregate Supply
    https://socialsci.libretexts.org/Workbench/Introduction_to_Macroeconomics/09%3A_The_AD_AS_Model/9.04%3A_Shifts_in_Aggregate_Supply
    The original equilibrium E 0 is at the intersection of AD and SRAS 0 . When SRAS shifts right, then the new equilibrium E 1 is at the intersection of AD and SRAS 1 , and then yet another equilibrium, ...The original equilibrium E 0 is at the intersection of AD and SRAS 0 . When SRAS shifts right, then the new equilibrium E 1 is at the intersection of AD and SRAS 1 , and then yet another equilibrium, E 2 , is at the intersection of AD and SRAS 2 . Shifts in SRAS to the right, lead to a greater level of output and to downward pressure on the price level. (b) A higher price for inputs means that at any given price level for outputs, a lower quantity will be produced so aggregate supply will shift…
  • 11.4: Shifts in Aggregate Supply
    https://socialsci.libretexts.org/Bookshelves/Economics/Principles_of_Macroeconomics_3e_(OpenStax)/11%3A_The_Aggregate_Demand_Aggregate_Supply_Model/11.04%3A_Shifts_in_Aggregate_Supply
    The original equilibrium E 0 is at the intersection of AD and SRAS 0 . When SRAS shifts right, then the new equilibrium E 1 is at the intersection of AD and SRAS 1 , and then yet another equilibrium, ...The original equilibrium E 0 is at the intersection of AD and SRAS 0 . When SRAS shifts right, then the new equilibrium E 1 is at the intersection of AD and SRAS 1 , and then yet another equilibrium, E 2 , is at the intersection of AD and SRAS 2 . Shifts in SRAS to the right, lead to a greater level of output and to downward pressure on the price level. (b) A higher price for inputs means that at any given price level for outputs, a lower real GDP will be produced so aggregate supply will shift…
  • 25.1: Major Theories in Macroeconomics
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/25%3A_Major_Macroeconomic_Theories/25.1_%3A_Major_Theories_in_Macroeconomics
    Keynesian theory posits that aggregate demand will not always meet the supply produced.

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