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Peer reviewed Peer reviewed
ERIC Number: EJ528573
Record Type: CIJE
Publication Date: 1995
Pages: N/A
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0022-0485
Monetary Policy Rules, Supply Shocks, and the Price-Level Elasticity of Aggregate Demand: A Graphical Examination.
Kyer, Ben L.; Maggs, Gary E.
Journal of Economic Education, v26 n4 p364-72 Fall 1995
Utilizes two-dimensional price and output graphs to demonstrate the way that the price-level elasticity of aggregate demand affects alternative monetary policy rules designed to cope with random aggregate supply shocks. Includes graphs illustrating price-level, real Gross Domestic Product (GDP), nominal GDP, and nominal money supply targeting. (MJP)
Descriptors: Business Cycles, Capitalism, Competition, Consumer Economics, Cost Indexes, Economic Change, Economic Climate, Economics Education, Financial Policy, Free Enterprise System, Graphs, Higher Education, Monetary Systems, Public Policy, Purchasing, Supply and Demand, Visual Aids
Publication Type: Reports - Descriptive; Journal Articles
Education Level: N/A
Audience: Teachers; Researchers; Practitioners
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers: Bradley (M D)