I am trying to make sense of this...
Demand is > P = A - BQ
TR = P * Q = AQ-B(QQ)
MR = A - 2BQ
Monday, May 05, 2008
Studying Economics
So I have been studying...
Macro Economics - The study of how different markets interact in the aggregate.
Money Market
Real Money Supply = M/P
Liquidity L=f(r, Y)
Transmission Mechanism
Liquidity of Money LM = Money Supply / Price = M/P
Investment Savings IS
IS = f(G,Yf, e, conf)
Goods Market (the aggregate supply and demand)
AS = f(oil, wage, etc.) AD = f(G,conf,e,Yf,M/P)
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