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6165461617interest-rate effectthe tendency for INCREASES in the PRICE LEVEL to INCREASE the demand for money, and RAISE interest rates. =reduce total spending + real output0
6165469283foreign purchases effectthe INVERSE relationship between NET EXPORTS of an economy and its PRICE LEVEL relative to foreign price levels.1
6165472470efficiency wagesan ABOVE MARKET (equilibrium) wage that minimizes wage costs PER UNIT of output by encouraging greater effort or reducing turnover.2
6165481084menu coststhe RELUCTANCE of firms to CUT PRICES during recessions (that they think will be short-lived) because of the costs of altering and communicating their price reductions; named after the cost associated with printing new menus.3
6165495087short-run aggregate supply curvean aggregate supple curve relevant to a time period in which INPUT PRICES DO NOT CHANGE IN RESPONSE TO PRICE LEVEL CHANGES4
6165509644determinants of aggregate demandfactor such as: - consumption spending investments government spending net exports If they change- the aggregate demand curve changes5
6165512134determinants of aggregate suply876
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