AAA corporate bond rate, 24–25
Actual unemployment, 29
Adaptive expectations theory, 44–45
Aggregate demand. See Macroeconomic demand
Anti-globalism, 169–170
Beneficial shocks, 134
Bimodal distribution, voter preferences, 92–93
BLS. See Bureau of Labor Statistics
Bureau of Labor Statistics (BLS), 15, 118
Bush, G.H. presidency, 124–126, 133–134
Business cycle
definition, 29
expectational Phillips curve model, 54–56
pattern, 29–31
real GDP, 4
unemployment rate, 30–31
Business investment, 24
Carter presidency, 119–120
Central Bank independence
discretionary monetary policy vs. monetary policy rule, 142–144
elements of, 137–139
partial Fed independence, 139–142
Classical perspectives
contractionary fiscal policy, 71–72
resolving recessions, ...
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