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Long-run consequences of stabilization policies

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Fiscal and monetary policy in parallelLesson summary: Fiscal and monetary policy actions in the short run
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Phillips curveChanges in the AD-AS model and the Phillips curveLesson summary: the Phillips curve
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Quantity theory of money Velocity of money rather than quantity driving pricesDeflation despite increases in money supplyModerate inflation in a good economyLesson summary: money growth and inflation
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Crowding out Lesson summary: crowding out
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Deficits and debt Lesson summary: Deficits and debts
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Understanding economic growth Lesson summary: Economic growth
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About this unit

In this unit, you'll build on your understanding of the effects of fiscal and monetary policy actions and to examine the concept of long-run economic growth. Topics include short-run and long-run Phillips curves, the quantity theory of money, and crowding out.