KEY TERMS

aggregate demand effort curve, p. 447 multiplier, p. 463

management, ^p. ⁴⁶⁹ expansionary monetary perfect competition, p. 453

aggregate demand shocks, p. 465 policy, p. 460 p_ri_{ce se}tt_er p 453

contractionary monetary macroeconomic stabilization, p. 469 p_ri_{ce s}ti_ckin_ess p 452

^{policy, p. 460} marginal cost, p. 456 _{price taker, p. 453}

^{effective labor demand curve}, ^p. ⁴⁵⁷ markup, p. 456 real-wage rigidity, p. 445

^{efficiency wage}, ^p. ⁴⁴8 menu cost^, p. 454 turnover costs, p. 446

^{efficiency wage model, p. 446} monopolistic competition, p. 453

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