Illustration of Household's Budget Line: Leisure vs. Consumption
This diagram illustrates the household's trade-off between leisure and consumption.
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Input Markets
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Illustration of Household's Budget Line: Current vs. Future Consumption
Consumption and SavingThis diagram illustrates the household's trade-off between current and future consumption.
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Illustration of Aggregate Demand and Supply: Short-Run and Long-Run with horizontal SRAS (sticky price expectations)
AD-AS FrameworkThis diagram illustrates the AD-AS framework for the long-run analysis and short-run equilibrium with sticky price and inflation expectations.
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Illustration of Funds Market: Small Open Economy (with Fiscal Policy)
Fiscal PolicyThis diagram illustrates the funds market for a small open economy with fiscal policy.
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Illustration of Labor Market: Labor Demand and Labor Supply
Input MarketsThis diagram illustrates the equilibrium in the labor market with an upward-sloping labor supply curve.
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Illustration of Current Capital Market: Perfectly Inelastic Capital Supply
Input MarketsThis diagram illustrates the equilibrium in the current capital market with a given amount of capital.
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Illustration of Cobb-Douglas Production Function
Production ModelThis diagram illustrates GDP using our Cobb-Douglas production with changes in labor.
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Illustration of Assets Market: Real Money Supply and Real Money Demand
Assets MarketThis diagram illustrates the equilibrium in the assets market using real money demand and real money.
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Illustration of Funds Market: Closed Economy (with Fiscal Policy)
Fiscal PolicyThis diagram illustrates the funds market for a closed economy with fiscal policy.
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Illustration of Aggregate Demand and Supply: Short-Run and Long-Run with horizontal SRAS (sticky prices)
AD-AS FrameworkThis diagram illustrates the AD-AS framework for the long-run analysis and short-run equilibrium with sticky prices.