Dynamic General Equilibrium in the Macroeconomic Model
This printable revision sheet allows you to test your understanding of exogenous shocks in TFP and government spending by seeing how all the markets interact together.
Sticky vs Flexible Wages and Prices
Why not compare the macroeconomic dynamic general equilibrium with the Keynesian Sticky Price Equilibrium when:
- The Central Bankfixes the Interest Rate
- Monetary Policyfixes the Money Supply