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Economics

Economic fluctuations

Use simple aggregate models to explain economic fluctuations and shocks.

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Where this chapter sits in the course

Lessons

Chapter 14 of 18 · 6 short lessons · 25 min
  1. 1Business cycles and recessions3 min
  2. 2Aggregate demand4 min
  3. 3Short-run aggregate supply4 min
  4. 4Demand and supply shocks4 min
  5. 5Potential output and the output gap4 min
  6. 6Challenge: Economic fluctuations6 min

What you'll learn

  • Identify business cycle phases
  • Explain aggregate demand and supply
  • Analyze shocks and output gaps

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