{"id":7708,"date":"2016-02-08T07:59:12","date_gmt":"2016-02-07T22:59:12","guid":{"rendered":"http:\/\/hyunsik.me\/wordpress\/?p=7708"},"modified":"2021-03-15T02:43:09","modified_gmt":"2021-03-14T17:43:09","slug":"%eb%a7%a8%ed%81%90%ec%9d%98-%ea%b2%bd%ec%a0%9c%ed%95%99-%ec%a0%95%eb%a6%ac-by-h-log-12%eb%b6%80-%eb%8b%a8%ea%b8%b0-%ea%b2%bd%ea%b8%b0%eb%b3%80%eb%8f%99","status":"publish","type":"post","link":"http:\/\/hyunsik.me\/wordpress\/?p=7708","title":{"rendered":"\ub9e8\ud050\uc758 \uacbd\uc81c\ud559 \uc815\ub9ac By H Log \u2013 12\ubd80. \ub2e8\uae30 \uacbd\uae30\ubcc0\ub3d9"},"content":{"rendered":"

[mqe][\/mqe]<\/p>\n

[line][\/line]<\/p>\n

\ub9e8\ud050\uc758 \uacbd\uc81c\ud559 12\ubd80\ub294 \uc544\ub798\uacfc \uac19\uc774 \uc774\ub8e8\uc5b4\uc838 \uc788\uc73c\uba70,
\n\ucd1d\uc218\uc694\/\ucd1d\uacf5\uae09\ubaa8\ud615\uc744 \ud1b5\ud574 \ub2e8\uae30 \uacbd\uae30\ubcc0\ub3d9\uacfc \ub2e8\uae30 \uae08\uc735\/\uc7ac\uc815\uc815\ucc45\uc758 \ud6a8\uacfc,
\n\uadf8\ub9ac\uace0 \uc2e4\uc9c8\ubcc0\uc218\ub4e4\uacfc \uba85\ubaa9\ubcc0\uc218\ub4e4 \uc0ac\uc774\uc758 \ub2e8\uae30 \uc0c1\uad00\uad00\uacc4\ub97c \uc124\uba85\ud55c\ub2e4.<\/p>\n

\uc81c 12\ubd80. \ub2e8\uae30 \uacbd\uae30\ubcc0\ub3d9<\/strong>
\n \uc81c 33\uc7a5. \ucd1d\uc218\uc694\uc640 \ucd1d\uacf5\uae09<\/span>
\n \uc81c 34\uc7a5. \ud1b5\ud654\uc815\ucc45\uacfc \uc7ac\uc815\uc815\ucc45\uc774 \ucd1d\uc218\uc694\uc5d0 \ubbf8\uce58\ub294 \ud6a8\uacfc<\/span>
\n \uc81c 34\uc7a5. \uc778\ud50c\ub808\uc774\uc158\uacfc \uc2e4\uc5c5\uc758 \uc0c1\ucda9\uad00\uacc4<\/span><\/p>\n

\u2605 \uc81c 33\uc7a5. \ucd1d\uc218\uc694\uc640 \ucd1d\uacf5\uae09 \u2605<\/strong><\/p>\n

\uacbd\uae30\ubcc0\ub3d9\uc5d0\ub294 \uc138\uac00\uc9c0 \uc911\uc694\ud55c \ud2b9\uc9d5\uc774 \uc788\ub2e4.
\n(1) \uacbd\uae30\ubcc0\ub3d9\uc740 \ubd88\uaddc\uce59\uc801\uc774\uace0 \uc608\uce21\ud558\uae30 \uc5b4\ub835\ub2e4.
\n(2) \ub300\ubd80\ubd84\uc758 \uac70\uc2dc\uacbd\uc81c \uc218\ub7c9\ubcc0\uc218\ub4e4\uc740 \ud569\uaed8 \uc6c0\uc9c1\uc778\ub2e4.
\n(3) \uc0dd\uc0b0\uc774 \uac10\uc18c\ud558\uba74 \uc2e4\uc5c5\uc740 \uc99d\uac00\ud55c\ub2e4.
\n\u25c6 \uacbd\uae30\uce68\uccb4(recession) : \uc2e4\uc9c8\uc18c\ub4dd\uc774 \uac10\uc18c\ud558\uace0 \uc2e4\uc5c5\uc774 \uc99d\uac00\ud558\ub294 \uc2dc\uae30
\n\u25c6 \ubd88\ud669(depression) : \uc2ec\ud55c \uacbd\uae30\uce68\uccb4<\/p>\n

\ub300\ubd80\ubd84\uc758 \uacbd\uc81c\ud559\uc790\ub4e4\uc740 \uace0\uc804\ud559\ud30c\uc758 \uc774\ub860\uc774 \uacbd\uc81c\uc758 \uc7a5\uae30 \ud589\ud0dc\ub97c \uc124\uba85\ud560 \uc218\ub294 \uc788\uc9c0\ub9cc
\n\ub2e8\uae30 \uacbd\uae30\ubcc0\ub3d9\uc744 \uc124\uba85\ud558\uc9c0\ub294 \ubabb\ud55c\ub2e4\uace0 \uc0dd\uac01\ud55c\ub2e4.<\/p>\n

\ub2e8\uae30\uc801 \uacbd\uae30\ubcc0\ub3d9(\ud55c \ud574 \ud55c \ud574\uc758 \uacbd\uae30\ubcc0\ub3d9)\uc740 \uace0\uc804\ud559\ud30c\uc758 ‘\ud654\ud3d0\uc758 \uc911\ub9bd\uc131’ \uac1c\ub150\uc5d0\uc11c \ubc97\uc5b4\ub09c\ub2e4.
\n\ud604\uc2e4\uc5d0\uc11c\ub294 \ub2e8\uae30\uc801\uc73c\ub85c \uc2e4\uc9c8\ubcc0\uc218\uc640 \uba85\ubaa9\ubcc0\uc218\uac00 \ubc00\uc811\ud558\uac8c \uc5f0\uacb0\ub418\uba70,
\n\ud1b5\ud654\ub7c9\uc774 \ubcc0\ud558\uba74 \uc2e4\uc9c8 GDP \uac00 \ub2e8\uae30\uc801\uc73c\ub85c \uc7a5\uae30 \ucd94\uc138\uc5d0\uc11c \ubc97\uc5b4\ub0a0 \uc218 \uc788\ub2e4.
\n\u203b \uacbd\uc81c\uac00 \ub2e8\uae30\uc5d0 \uc5b4\ub5bb\uac8c \uc791\ub3d9\ud558\ub294\uc9c0 \uc774\ud574\ud558\uae30 \uc704\ud574 \uace0\uc804\ud559\ud30c\uc758 \uc774\ubd84\ubc95\uacfc \ud654\ud3d0\uc758 \uc911\ub9bd\uc131 \uac00\uc815\uc744 \ubc84\ub824\uc57c \ud55c\ub2e4.
\n\u25c6 \uba85\ubaa9\ubcc0\uc218\uc640 \uc2e4\uc9c8\ubcc0\uc218<\/a>
\n\u25c6 \uc790\ubcf8\uacfc \ub178\ub3d9, \uc7a5\uae30\uc640 \ub2e8\uae30<\/a><\/p>\n

\uacbd\uc81c \uc804\uccb4\uc758 \ubcc0\ub3d9\uc744 \uc124\uba85\ud558\uae30 \uc704\ud574 \uc544\ub798\uc640 \uac19\uc740
\n\ucd1d\uc218\uc694\/\ucd1d\uacf5\uae09\ubaa8\ud615(model of aggregate demand and aggregate supply)\uc744 \uc0ac\uc6a9\ud55c\ub2e4.
\n\u25c6 \ucd1d\uc218\uc694\/\ucd1d\uacf5\uae09\ubaa8\ud615(model of aggregate demand and aggregate supply) :
\n\uc7a5\uae30 \ucd94\uc138\ub97c \uc911\uc2ec\uc73c\ub85c \ubc1c\uc0dd\ud558\ub294 \ub2e8\uae30 \uacbd\uae30\ubcc0\ub3d9\uc744 \uc124\uba85\ud558\ub294 \ubaa8\ud615
\n\u203b AD-AS \ubaa8\ud615\uc774\ub2e4. \ubc88\uc5ed\uc744 \uc548\ud558\uace0 \uadf8\ub0e5 AD-AS\ub85c \ud45c\uae30\ud588\ub2e4\uba74 \ub354 \uc88b\uc558\uc744 \uac83 \uac19\ub2e4.<\/p>\n

\"\ucd1d\uc218\uc694\ucd1d\uacf5\uae09\"
\n<\/p>\n

\u203b \uc704 AD-AS \uadf8\ub798\ud504\ub294 \ub2e8\uae30 \ucd1d\uacf5\uae09\uace1\uc120(SAS), \uc7a5\uae30 \ucd1d\uacf5\uae09\uace1\uc120(LAS), \ucd1d\uc218\uc694\uace1\uc120(AD)\uc744 \ub098\ud0c0\ub0b4\uba70,
\n\ub610\ud55c \uc7a5\uae30\uade0\ud615\uc0c1\ud0dc\ub97c \ub098\ud0c0\ub0b8\ub2e4.<\/p>\n

\ucd1d\uc218\uc694\uace1\uc120(AD)\uc774 \uc6b0\ud558\ud5a5\ud558\ub294 \uc774\uc720\ub294
\n\uc790\uc0b0\ud6a8\uacfc(\ubb3c\uac00\ud558\ub77d\u2192\uc790\uc0b0\uac00\uce58\uc0c1\uc2b9\u2192\uc18c\ube44\uc99d\uac00), \uc774\uc790\uc728 \ud6a8\uacfc(\ubb3c\uac00\ud558\ub77d\u2192\uc774\uc790\uc728\ud558\ub77d\u2192\ud22c\uc790\/\uc18c\ube44\uc99d\uac00),
\n\ud658\uc728\ud6a8\uacfc(\ubb3c\uac00\ud558\ub77d\u2192\uc774\uc790\uc728\ud558\ub77d\u2192\ud658\uc728\uc0c1\uc2b9\u2192\uc21c\uc218\ucd9c\uc99d\uac00) \ub4f1\uc774 \uc788\ub2e4.<\/p>\n

\ucd1d\uc218\uc694\uace1\uc120(AD)\uc774 \uc774\ub3d9\ud558\ub294 \uc774\uc720\ub294
\n\uc18c\ube44\uc9c0\ucd9c(C)\uc758 \ubcc0\ub3d9, \ud22c\uc790\uc9c0\ucd9c(I)\uc758 \ubcc0\ub3d9, \uc815\ubd80\uad6c\uc785(G)\uc758 \ubcc0\ub3d9, \uc21c\uc218\ucd9c(NX)\uc758 \ubcc0\ub3d9\uc774 \uc788\ub2e4.
\n\u203b Y = C + I + G + NX<\/p>\n

\uc7a5\uae30 \ucd1d\uacf5\uae09\uace1\uc120(LAS)\uc774 \uc218\uc9c1\uc778 \uc774\uc720\ub294
\n\ubb3c\uac00\uc218\uc900\uc774 \uc7a5\uae30 \uc2e4\uc9c8 GDP \uc5d0 \uc601\ud5a5\uc744 \uc8fc\uc9c0 \uc54a\uae30 \ub54c\ubb38\uc774\ub2e4.
\n\u203b \uace0\uc804\ud559\ud30c\uc758 ‘\ud654\ud3d0\uc758 \uc911\ub9bd\uc131’\uc744 \uadf8\ub798\ud504\ub85c \ud45c\uc2dc\ud55c \uac83\uacfc \uac19\ub2e4.<\/p>\n

\uc7a5\uae30 \ucd1d\uacf5\uae09\uace1\uc120(LAS)\uc774 \uc774\ub3d9\ud558\ub294 \uc774\uc720\ub294
\n\ub178\ub3d9\ubd80\ubb38\uc758 \ubcc0\ub3d9, \uc790\ubcf8\ubd80\ubb38\uc758 \ubcc0\ub3d9, \uc790\uc5f0\uc790\uc6d0\uc758 \ubcc0\ub3d9, \uae30\uc220\uc9c0\uc2dd\uc758 \ubcc0\ub3d9 \ub4f1\uc774 \uc788\ub2e4.<\/p>\n

\ub2e8\uae30 \ucd1d\uacf5\uae09\uace1\uc120(SAS)\uc774 \uc6b0\uc0c1\ud5a5\ud558\ub294 \uc774\uc720\ub97c \uc124\uba85\ud558\ub294 \uc774\ub860\ub4e4\uc740 \uc544\ub798\uc640 \uac19\ub2e4.
\n(1) \uc784\uae08\uacbd\uc9c1\uc131 \uc774\ub860 – \uba85\ubaa9\uc784\uae08\uc740 \ud604\uc7ac\uc758 \ubb3c\uac00\uc218\uc900\uc744 \uc989\uac01\uc801\uc73c\ub85c \ubc18\uc601\ud560 \uc218 \uc5c6\ub2e4.
\n(2) \uac00\uaca9\uacbd\uc9c1\uc131 \uc774\ub860 – \uba54\ub274\ube44\uc6a9\ub54c\ubb38\uc5d0 \uc7ac\ud654\uc640 \uc11c\ube44\uc2a4\uc758 \uac00\uaca9\uc740 \ucc9c\ucc9c\ud788 \uc870\uc815\ub41c\ub2e4.
\n(3) \ucc29\uac01 \uc774\ub860 – \ubb3c\uac00\uc218\uc900 \ubcc0\ub3d9\uc5d0 \ub300\ud55c \ub2e8\uae30\uc801\uc778 \ucc29\uac01\uc73c\ub85c \uc2e4\uc81c \ubb3c\uac00\uc218\uc900\uc774 \ucc9c\ucc9c\ud788 \ubc18\uc601\ub41c\ub2e4.
\n\u203b \uc704 \uc774\ub860\ub4e4 \uc911 \uc5b4\ub5a4 \uc774\ub860\uc774 \uc633\uc740\uc9c0\ub294 \uacbd\uc81c\ud559\uc790\ub4e4 \uc0ac\uc774\uc5d0\uc11c \ub17c\ub780\uc774 \uc788\ub2e4.
\n\uc911\uc694\ud55c \uac83\uc740 \uc2e4\uc81c \ubb3c\uac00\uac00 \uc0ac\ub78c\ub4e4\uc774 \uc608\uc0c1\ud55c \uc218\uc900\uacfc \ub2e4\ub974\uba74 \ub2e8\uae30 \uc0b0\ucd9c\ub7c9\uc774 \uc790\uc5f0\uc0b0\ucd9c\ub7c9\uacfc \ub2ec\ub77c\uc9c0\uba70
\n\uacf5\ud1b5\uc801\uc73c\ub85c \uc544\ub798\uc640 \uac19\uc740 \uc218\uc2dd\uc73c\ub85c \ud45c\uc2dc\ud560 \uc218 \uc788\ub2e4\ub294 \uac83\uc774\ub2e4.
\n[ \uc0b0\ucd9c\ubb3c\uc758 \uacf5\uae09\ub7c9 = \uc790\uc5f0\uc0b0\ucd9c\ub7c9 + a(\uc2e4\uc81c\ubb3c\uac00\uc218\uc900 – \uc608\uc0c1\ubb3c\uac00\uc218\uc900) ]
\n\u203b \"Y
\n(\"Y_{N}\" : \uc644\uc804\uace0\uc6a9\uad6d\ubbfc\uc18c\ub4dd \/ \"P_{E}\" : \uae30\ub300\ubb3c\uac00)<\/p>\n

\ub2e8\uae30 \ucd1d\uacf5\uae09\uace1\uc120(AS)\uc774 \uc774\ub3d9\ud558\ub294 \uc774\uc720(\ub178\ub3d9, \uc790\ubcf8, \uc790\uc5f0\uc790\uc6d0, \uae30\uc220\uc9c0\uc2dd\uc758 \ubcc0\ub3d9) + \uc608\uc0c1 \ubb3c\uac00\uc218\uc900\uc758 \ubcc0\ub3d9 \uc774\ub2e4.<\/p>\n

\"\uc218\uc694\ubcc0\ud654\"
\n
\n\u203b \uc704 \uadf8\ub798\ud504\ub294 \ucd1d\uc218\uc694\uc758 \uac10\uc18c\uc5d0 \ub530\ub978 \uc601\ud5a5\uc744 \ubcf4\uc5ec\uc8fc\ub294 AD-AS \ubaa8\ud615\uc774\ub2e4.<\/p>\n

\ucd1d\uc218\uc694\uace1\uc120(AD)\uc758 \uc774\ub3d9\uc740 \uc544\ub798\uc640 \uac19\uc740 \uc138\uac00\uc9c0 \uc911\uc694\ud55c \uc2dc\uc0ac\uc810\uc744 \uc900\ub2e4.
\n(1) \ucd1d\uc218\uc694\uace1\uc120(AD)\uc774 \uc774\ub3d9\ud558\uba74 \ub2e8\uae30\uc801\uc73c\ub85c \uc7ac\ud654\uc640 \uc11c\ube44\uc2a4\uc758 \uc0b0\ucd9c\ub7c9\uc774 \ubcc0\ud55c\ub2e4.
\n(2) \uc7a5\uae30\uc801\uc73c\ub85c \ucd1d\uc218\uc694\uace1\uc120(AD)\uc758 \uc774\ub3d9\uc740 \ubb3c\uac00\uc5d0 \uc601\ud5a5\uc744 \uc8fc\uc9c0\ub9cc, \uc0b0\ucd9c\ub7c9\uc5d0\ub294 \uc544\ubb34\ub7f0 \uc601\ud5a5\uc744 \uc8fc\uc9c0 \uc54a\ub294\ub2e4.
\n(3) \uc815\ucc45 \ub2f9\uad6d\uc740 \ucd1d\uc218\uc694\uc5d0 \uc601\ud5a5\uc744 \uc904 \uc218 \uc788\uae30 \ub54c\ubb38\uc5d0 \uacbd\uae30\ubcc0\ub3d9\uc758 \uc2ec\uac01\uc131\uc744 \uc644\ud654\uc2dc\ud0ac \uc218 \uc788\ub2e4. (\ub2e8\uae30)<\/p>\n

\"\uacf5\uae09\ubcc0\ud654\"
\n<\/p>\n

\u203b \uc704 \uadf8\ub798\ud504\ub294 \ucd1d\uacf5\uae09\uc758 \uac10\uc18c\uc5d0 \ub530\ub978 \ub2e8\uae30\uc801 \uc601\ud5a5\uc744 \ubcf4\uc5ec\uc8fc\ub294 \ucd1d\uc218\uc694\/\ucd1d\uacf5\uae09 \ubaa8\ud615\uc774\ub2e4.
\n\u203b \uc7a5\uae30\uc801\uc73c\ub85c \uacbd\uc81c\ub294 \ucd1d\uc218\uc694\uace1\uc120\uc774 \uc7a5\uae30 \ucd1d\uacf5\uae09\uace1\uc120\uacfc \ub9cc\ub098\ub294 \uc810 A\ub85c \ub3cc\uc544\uac04\ub2e4.
\n\u203b \uacbd\uc81c\uc758 \uc0b0\ucd9c\ub7c9\uc774 \uac10\uc18c\ud558\uace0, \ub3d9\uc2dc\uc5d0 \ubb3c\uac00\ub294 \uc0c1\uc2b9\ud558\ub294 \uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158(stagflation) \uc0c1\ud669\uc744 \ubcf4\uc5ec\uc900\ub2e4.<\/p>\n

\"\uacf5\uae09\ubcc0\ud654\uc815\ubd80\ucc38\uc5ec\"
\n
\n\u203b \uc704 \uadf8\ub798\ud504\ub294 \ucd1d\uacf5\uae09\uc758 \uac10\uc18c\uc5d0 \ub300\uc751\ud55c \ucd1d\uc218\uc694 \ud655\ub300 \uc815\ucc45\uc744 \ubcf4\uc5ec\uc8fc\ub294 \ucd1d\uc218\uc694\/\ucd1d\uacf5\uae09 \ubaa8\ud615\uc774\ub2e4.<\/p>\n

\ucd1d\uc218\uc694\uace1\uc120(AD)\uc758 \uc774\ub3d9\uc740 \uc544\ub798\uc640 \uac19\uc740 \ub450\uac00\uc9c0 \uc911\uc694\ud55c \uc2dc\uc0ac\uc810\uc744 \ubcf4\uc5ec\uc900\ub2e4.
\n(1) \ucd1d\uc218\uc694\uace1\uc120(AD)\uc758 \uc774\ub3d9\uc740 \uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158\uc744 \ucd08\ub798\ud560 \uc218 \uc788\ub2e4.
\n(2) \ucd1d\uc218\uc694\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce60 \uc218 \uc788\ub294 \uc815\ucc45\uc740 \uc0b0\ucd9c\ub7c9\uc5d0 \ubbf8\uce58\ub294 \ubd80\uc815\uc801 \ud6a8\uacfc\ub97c \uc644\ud654\ud560 \uc218\ub294 \uc788\uaca0\uc9c0\ub9cc,
\n\uc774\ub97c \uc704\ud574\uc11c\ub294 \uc778\ud50c\ub808\uc774\uc158\uc758 \uc545\ud654\ub77c\ub294 \ub300\uac00\ub97c \uce58\ub904\uc57c \ud55c\ub2e4.
\n\u25c6 \uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158(stagflation) : \uacbd\uae30\uce68\uccb4(\uc0b0\ucd9c\ub7c9 \uac10\uc18c)\uc640 \uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00 \uc0c1\uc2b9)\uc774 \ub3d9\uc2dc\uc5d0 \ub098\ud0c0\ub098\ub294 \ud604\uc0c1
\n\u25c6 \uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158(stagflation) : \ub098\ubb34\uc704\ud0a4 \ucc38\uace0<\/a><\/p>\n

\u2605 \uc81c 34\uc7a5. \ud1b5\ud654\uc815\ucc45\uacfc \uc7ac\uc815\uc815\ucc45\uc774 \ucd1d\uc218\uc694\uc5d0 \ubbf8\uce58\ub294 \ud6a8\uacfc \u2605<\/strong><\/p>\n

34\uc7a5. \ud1b5\ud654\uc815\ucc45\uacfc \uc7ac\uc815\uc815\ucc45\uc774 \ucd1d\uc218\uc694\uc5d0 \ubbf8\uce58\ub294 \ud6a8\uacfc \uc5d0\uc11c\ub294
\n\uc81c\ubaa9 \uadf8\ub300\ub85c \ud1b5\ud654\uc815\ucc45\uc774 \ucd1d\uc218\uc694\uc5d0 \ubbf8\uce58\ub294 \ud6a8\uacfc\uc640
\n\uc7ac\uc815\uc815\ucc45\uc774 \ucd1d\uc218\uc694\uc5d0 \ubbf8\uce58\ub294 \ud6a8\uacfc\ub97c \uc124\uba85\ud55c\ub2e4.<\/p>\n

\"\ud654\ud3d0\uacf5\uae09\uc218\uc694(\uc720\ub3d9\uc131\uc120\ud638\uc774\ub860)\"
\n<\/p>\n

33\uc7a5\uc5d0\uc11c \ucd1d\uc218\uc694\uace1\uc120\uc774 \uc6b0\ud558\ud5a5\ud558\ub294 \uc774\uc720\ub85c \uc790\uc0b0\ud6a8\uacfc, \uc774\uc790\uc728\ud6a8\uacfc, \ud658\uc728\ud6a8\uacfc\uc5d0 \ub300\ud574 \uc124\uba85\ud588\ub2e4.
\n\uc774 \uc138\uac00\uc9c0 \uc774\uc720 \uc911 \ucd1d\uc218\uc694\uace1\uc120\uc744 \uc6b0\ud558\ud5a5\ud558\uac8c \ub9cc\ub4dc\ub294 \uac00\uc7a5 \ud070 \uc774\uc720\ub294 \uc774\uc790\uc728 \ud6a8\uacfc\uc774\ub2e4.
\n\ub54c\ubb38\uc5d0 \uc774\uc790\uc728 \uacb0\uc815\uc5d0 \ub300\ud574 \uc870\uae08 \ub354 \uc790\uc138\ud788 \uc54c\uc544\ubcf4\uae30 \uc704\ud574
\n\uc720\ub3d9\uc131 \uc120\ud638\uc774\ub860(theory of liquidity preference)\uc744 \uc0b4\ud3b4\ubcfc \ud544\uc694\uac00 \uc788\ub2e4.
\n\uc720\ub3d9\uc131 \uc120\ud638\uc774\ub860\uc5d0 \ub530\ub974\uba74 \uc704 \uadf8\ub798\ud504\ucc98\ub7fc \ud654\ud3d0\uc758 \uc218\uc694\ub7c9\uacfc \uacf5\uae09\ub7c9\uc774 \uac19\uc544\uc9c0\ub3c4\ub85d \uc774\uc790\uc728\uc774 \ubcc0\ub3d9\ud558\uba70
\n\uade0\ud615\uc774\uc790\uc728\uc5d0\uc11c\ub294 \uc0ac\ub78c\ub4e4\uc774 \ubcf4\uc720\ud558\ub824\ub294 \ud654\ud3d0\uc758 \uc591\uc774 \uc911\uc559\uc740\ud589\uc758 \ud654\ud3d0\uacf5\uae09\ub7c9\uacfc \uc77c\uce58\ud55c\ub2e4.
\n\u25c6 \uc720\ub3d9\uc131 \uc120\ud638\uc774\ub860(theory of liquidity preference) : \uc774\uc790\uc728\uc774 \ubcc0\ud574\uc11c \ud654\ud3d0\uc758 \uc218\uc694\uc640 \uacf5\uae09\uc774
\n\uc77c\uce58\ud55c\ub2e4\ub294 \ucf00\uc778\uc988\uc758 \uc774\ub860
\n\u25c6 \uc720\ub3d9\uc131 \uc120\ud638\uc774\ub860(theory of liquidity preference) : \ub124\uc774\ubc84\uc9c0\uc2dd\ubc31\uacfc \ucc38\uace0<\/a><\/p>\n

\uc720\ub3d9\uc131 \uc120\ud638\uc774\ub860\uc774 \uc7ac\ud654\/\uc11c\ube44\uc2a4\uc758 \ucd1d\uc218\uc694\uc5d0 \uc8fc\ub294 \uc2dc\uc0ac\uc810\uc740 \ub2e4\uc74c\uacfc \uac19\ub2e4.
\n(1) \ubb3c\uac00\uc218\uc900\uc774 \ub192\uc544\uc9c0\uba74(\ub0ae\uc544\uc9c0\uba74) \ud654\ud3d0 \uc218\uc694\uac00 \uc99d\uac00(\uac10\uc18c)\ud55c\ub2e4.
\n(2) \ud654\ud3d0 \uc218\uc694\uac00 \uc99d\uac00(\uac10\uc18c)\ud558\uba74 \uc774\uc790\uc728\uc774 \uc0c1\uc2b9(\ud558\ub77d)\ud55c\ub2e4.
\n(3) \uc774\uc790\uc728\uc774 \uc0c1\uc2b9(\uac10\uc18c)\ud558\uba74 \uc7ac\ud654\uc640 \uc11c\ube44\uc2a4\uc758 \uc218\uc694\ub7c9\uc740 \uac10\uc18c(\uc99d\uac00) \ud55c\ub2e4.<\/p>\n

\uc911\uc559\uc740\ud589\uc740 \ud1b5\ud654\uc815\ucc45\uc744 \ud1b5\ud574 \ud1b5\ud654\ub7c9\uc744 \uc870\uc815\ud560 \uc218 \uc788\uc73c\uba70 \uc544\ub798\uc640 \uac19\uc740 \ud6a8\uacfc\ub97c \uac00\uc838\uc62c \uc218 \uc788\ub2e4.
\n[ \uc911\uc559\uc740\ud589\uc5d0 \uc758\ud55c \ud654\ud3d0 \uacf5\uae09 \uc99d\uac00 \u2192 \uade0\ud615\uc774\uc790\uc728 \ud558\ub77d \u2192 \uc7ac\ud654\/\uc11c\ube44\uc2a4 \uc218\uc694\ub7c9 \uc99d\uac00 ]
\n\uc911\uc559\uc740\ud589\uc740 \uc0ac\uc2e4\uc0c1 \ud1b5\ud654\ub7c9\uc774 \uc544\ub2cc \uc774\uc790\uc728\uc744 \uc815\ucc45\uc218\ub2e8\uc73c\ub85c \uc0ac\uc6a9\ud558\uace0 \uc788\ub2e4.
\n\u203b \ud1b5\ud654\ub7c9 \uc99d\uac00(\uac10\uc18c)\uc640 \uc774\uc790\uc728 \ud558\ub77d(\uc0c1\uc2b9)\uc740 \uc0ac\uc2e4\uc0c1 \uac19\uc740 \uac83\uc73c\ub85c \uac04\uc8fc\ub418\uace0 \uc788\ub2e4.<\/p>\n

\uc815\ubd80\ub294 \ud1b5\ud654\uc815\ucc45 \ubfd0\ub9cc \uc544\ub2c8\ub77c \uc7ac\uc815\uc815\ucc45(fiscal policy)\uc744 \ud1b5\ud574\uc11c\ub3c4 \uac70\uc2dc\uacbd\uc81c\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce60 \uc218 \uc788\ub2e4.
\n\uc815\ubd80\uac00 \uc7ac\ud654\/\uc11c\ube44\uc2a4 \uad6c\uc785\uc744 \uc704\ud55c \uc9c0\ucd9c\uc744 \ubcc0\ub3d9\uc2dc\ud0a4\uba74 \ucd1d\uc218\uc694\uace1\uc120\uc774 \uc9c1\uc811\uc801\uc73c\ub85c \uc774\ub3d9\ud558\uba70,
\n\ub610\ud55c \uc138\uae08\uc744 \ud1b5\ud574 \uac70\uc2dc\uacbd\uc81c\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce60 \uc218 \uc788\ub2e4.
\n\uc2b9\uc218\ud6a8\uacfc(multiplier effect)\ub97c \ud1b5\ud574 \uc815\ubd80\uc758 \uc9c0\ucd9c \uc99d\uac00\ud3ed\ubcf4\ub2e4 \ub354 \ud070 \ud3ed\uc73c\ub85c \uc774\ub3d9\ud560 \uc218\ub3c4 \uc788\uace0,
\n\ubc00\uc5b4\ub0b4\uae30 \ud6a8\uacfc(crowding-out effect)\ub97c \ud1b5\ud574 \uc815\ubd80\uc758 \uc9c0\ucd9c \uc99d\uac00\ud3ed\ubcf4\ub2e4 \ub354 \uc791\uc740 \ud3ed\uc73c\ub85c \uc774\ub3d9\ud560 \uc218\ub3c4 \uc788\ub2e4.
\n\u25c6 \uc7ac\uc815\uc815\ucc45(fiscal policy) : \uc815\ubd80\uc9c0\ucd9c\uacfc \uc870\uc138\uc5d0 \uad00\ud55c \uc815\ubd80\uc758 \uacb0\uc815
\n\u25c6 \uc2b9\uc218\ud6a8\uacfc(multiplier effect) : \ud655\ub300\uc7ac\uc815 \uc815\ucc45\uc5d0 \ub530\ub978 \uc18c\ub4dd \uc99d\uac00\ub85c \uc18c\ube44\uc9c0\ucd9c\uc774 \uc99d\uac00\ud558\uc5ec
\n\ucd1d\uc218\uc694\uac00 \ucd94\uac00\uc801\uc73c\ub85c \uc99d\uac00\ud558\ub294 \ud604\uc0c1
\n\u25c6 \ubc00\uc5b4\ub0b4\uae30 \ud6a8\uacfc(crowding-out effect) : \ud655\ub300\uc7ac\uc815 \uc815\ucc45\uc5d0 \ub530\ub978 \uc774\uc790\uc728\uc758 \uc0c1\uc2b9\uc73c\ub85c \ud22c\uc790\uac00 \uac10\uc18c\ud558\uc5ec
\n\ucd1d\uc218\uc694\uc758 \uc99d\uac00\uac00 \uc77c\ubd80 \uc0c1\uc1c4\ub418\ub294 \ud604\uc0c1<\/p>\n

\uc2b9\uc218\ud6a8\uacfc\uc5d0 \ub300\ud574 \uc124\uba85\ud558\uc790\uba74
\n\uc608\ub97c \ub4e4\uc5b4 \uc815\ubd80\uac00 \ud2b9\uc815\ud68c\uc0ac\ub97c \ud1b5\ud574 \uc7ac\ud654\/\uc11c\ube44\uc2a4\ub97c \uad6c\uc785\ud558\uba74
\n\ub2e4\ub978 \uae30\uc5c5\ub4e4\uc774 \uc0dd\uc0b0\ud558\ub294 \uc5ec\ub7ec\uac00\uc9c0 \ub2e4\ub978 \uc7ac\ud654\/\uc11c\ube44\uc2a4\uc5d0 \ub300\ud55c \uc218\uc694\ub3c4 \uc99d\uac00\ud558\uac8c \ub418\uace0,
\n\ub610 \ud574\ub2f9 \uae30\uc5c5\ub4e4\uc758 \uace0\uc6a9\uc774 \ub298\uace0 \uc774\uc724\uc774 \uc99d\uac00\ud558\uace0
\n\ub610 \uc774\ub4e4\uc758 \uadfc\ub85c\uc18c\ub4dd\uacfc \uc774\uc724\ubc30\ub2f9\uc774 \uc99d\uac00\ud568\uc5d0 \ub530\ub77c \ub2e4\uc2dc \uc18c\ube44\uc9c0\ucd9c\uc774 \uc99d\uac00\ud558\ub294 \ud604\uc0c1\uc744 \ub9d0\ud55c\ub2e4.
\n\uc2b9\uc218\ub294 \uc544\ub798\uc640 \uac19\uc774 \uacc4\uc0b0\ub41c\ub2e4.
\n[ \uc2b9\uc218 = 1\/(1-MPC) ]
\n\uc608\ub97c \ub4e4\uc5b4 MPC\uac00 3\/4 \uc815\ubd80\uc9c0\ucd9c \uc2b9\uc218\ub294 4\uac00 \ub418\uace0, \uc774 \uacbd\uc6b0 \uc815\ubd80\uc9c0\ucd9c\uc774 200\uc5b5\uc6d0 \uc99d\uac00\ud558\uba74
\n\uc7ac\ud654\/\uc11c\ube44\uc2a4\uc5d0 \ub300\ud55c \uc218\uc694\uac00 800\uc5b5\uc6d0 \uc99d\uac00\ud55c\ub2e4.
\n\u203b \uc2b9\uc218\ud6a8\uacfc\ub294 \uc815\ubd80\uad6c\uc785 \ubfd0\ub9cc \uc544\ub2c8\ub77c GDP \ub97c \uad6c\uc131\ud558\ub294 \ubaa8\ub4e0 \uc694\uc18c\uc5d0 \uc801\uc6a9\ub41c\ub2e4.
\n\u25c6 \ud55c\uacc4\uc18c\ube44\uc131\ud5a5(marginal propensity to consume, MPC) :
\n\ucd94\uac00\uc18c\ub4dd \uc911 \uc800\ucd95\ub418\uc9c0 \uc54a\uace0 \uc18c\ube44\ub418\ub294 \uae08\uc561\uc758 \ube44\uc728<\/p>\n

\ubc00\uc5b4\ub0b4\uae30 \ud6a8\uacfc\uc5d0 \ub300\ud574 \uc124\uba85\ud558\uc790\uba74 [ = \uad6c\ucd95\ud6a8\uacfc(crowding out effect) ]
\n\uc608\ub97c \ub4e4\uc5b4 \uc815\ubd80 \uad6c\uc785\uc774 \uc99d\uac00\ud558\uba74 \uc7ac\ud654\uc640 \uc11c\ube44\uc2a4\uc5d0 \ub300\ud55c \ucd1d\uc218\uc694\uac00 \uc99d\uac00\ud558\uba70, \uc774\uc790\uc728\ub3c4 \uc0c1\uc2b9\ud558\uace0,
\n\uc774\uc790\uc728\uc774 \uc0c1\uc2b9\ud558\uba74 \ud22c\uc790\uc9c0\ucd9c\uc774 \uc904\uc5b4\uc11c \ucd1d\uc218\uc694\uac00 \uac10\uc18c\ud558\ub294 \ud604\uc0c1\uc744 \ub9d0\ud55c\ub2e4.
\n\u203b \uc7ac\uc815\uc9c0\ucd9c\uc758 \uc99d\uac00\ub85c \uc778\ud574 \uc18c\ub4dd\uc774 \uc99d\uac00\ud558\uba74 \uc720\ub3d9\uc790\uc0b0(\ud654\ud3d0)\uc758 \uc218\uc694\uac00 \uc99d\uac00\ud558\uc5ec \uc774\uc790\uc728\uc774 \uc0c1\uc2b9\ud55c\ub2e4.
\n[ G\u2191 \u2192 Y\u2191 \u2192 C\u2191 \u2192 S\u2193 \u2192 r\u2191 \u2192 I\u2193 \u2192 Y\u2193 ]
\n\u203b \uc55e\uc758 Y \uc99d\uac00\ub7c9\uc774 \ub4a4\uc758 Y\uac10\uc18c\ub7c9\ubcf4\ub2e4 \uc791\uc740\uc9c0 \ud070\uc9c0\ub294 \uacbd\uc6b0\uc5d0 \ub530\ub77c \ub2e4\ub974\uace0, \ud559\ud30c\uac04 \ucc28\uc774\uac00 \uc788\ub2e4.<\/p>\n

\uc7ac\uc815\uc815\ucc45\uc758 \ub610 \ub2e4\ub978 \uc218\ub2e8\uc740 \uc870\uc138\ub2e4.
\n\uc138\uae08\uc758 \uc778\uc0c1\/\uc778\ud558\ub97c \ud1b5\ud574 \ucd1d\uc218\uc694\uac00 \ubcc0\ub3d9\ub420 \uc218 \uc788\ub2e4.
\n\uc138\uae08 \ubcc0\ub3d9\uc5d0 \ub530\ub978 \ucd1d\uc218\uc694 \ubcc0\ub3d9\ud3ed\ub3c4 \uc2b9\uc218\ud6a8\uacfc\uc640 \ubc00\uc5b4\ub0b4\uae30 \ud6a8\uacfc\uc758 \uc601\ud5a5\uc744 \ubc1b\uc73c\uba70,
\n\ub610\ud55c \uac00\uacc4\uc758 \uc608\uc0c1(\ud56d\uad6c\uc801\uc778 \uc870\uce58\uc778\uc9c0 \uc77c\uc2dc\uc801\uc778 \uc870\uce58\uc778\uc9c0)\ub3c4 \ucd1d\uc218\uc694 \ubcc0\ub3d9\ud3ed\uc5d0 \uc601\ud5a5\uc744 \uc900\ub2e4.<\/p>\n

\uc801\uadf9\uc801\uc778 \uacbd\uc81c\uc548\uc815\ud654 \uc815\ucc45\uc5d0 \ub300\ud574\uc11c\ub294 \ucc2c\uc131\uacfc \ubc18\ub300\uac00 \uc5ec\uc804\ud788 \ub9de\uc11c\uace0 \uc788\ub2e4.
\n\ud558\uc9c0\ub9cc \ub450 \uc9d1\ub2e8 \ubaa8\ub450 \uc815\ucc45\uc744 \uc9d1\ud589\ud558\ub294\ub370 \ub530\ub978 \uc2dc\ucc28 \ub54c\ubb38\uc5d0
\n\ub2e8\uae30\uc801\uc778 \uacbd\uc81c\uc548\uc815\ud654 \uc815\ucc45\uc758 \ud6a8\uc6a9\uc774 \ub5a8\uc5b4\uc9c4\ub2e4\ub294 \uc0ac\uc2e4\uc5d0\ub294 \ub3d9\uc758\ud55c\ub2e4.
\n\ub54c\ubb38\uc5d0 \uc2dc\ucc28\ub97c \ud53c\ud560 \ubc29\ubc95\uc73c\ub85c \uc790\ub3d9\uc548\uc815\ud654 \uc7a5\uce58(automatic stabilizers) \ub97c \uc0ac\uc6a9\ud55c\ub2e4.
\n\uc790\ub3d9\uc548\uc815\ud654 \uc7a5\uce58\uc5d0\ub294 \uc870\uc138\uc81c\ub3c4(\ub204\uc9c4\uc138), \uc815\ubd80\uc9c0\ucd9c(\uc2e4\uc5c5\uae09\uc5ec, \uacf5\uc801 \ubd80\uc870 \ub4f1) \ub4f1\uc774 \uc788\ub2e4.
\n\u25c6 \uc790\ub3d9\uc548\uc815\ud654 \uc7a5\uce58(automatic stabilizers) : \uacbd\uae30\uce68\uccb4(\uacfc\uc5f4)\uac00 \ubc1c\uc0dd\ud560 \ub54c \uc815\ubd80\uac00 \ubcc4\ub3c4\uc758 \uc870\uce58\ub97c
\n\ucde8\ud558\uc9c0 \uc54a\ub354\ub77c\ub3c4 \ucd1d\uc218\uc694\uac00 \uc99d\uac00(\uac10\uc18c)\ub418\ub3c4\ub85d \ub9cc\ub4dc\ub294 \uc815\ucc45
\n\u2605\u2605 \ubcf4\ub2e4 \uac15\ub825\ud55c \uc790\ub3d9\uc548\uc815\ud654 \uc7a5\uce58\uc5d0 \ub300\ud55c \uc5f0\uad6c\ub294 \ud574\ubcfc\ub9cc\ud55c \uac00\uce58\uac00 \uc788\ub294 \uac83 \uac19\ub2e4.<\/p>\n

\u2605 \uc81c 35\uc7a5. \uc778\ud50c\ub808\uc774\uc158\uacfc \uc2e4\uc5c5\uc758 \uc0c1\ucda9\uad00\uacc4 \u2605<\/strong><\/p>\n

35\uc7a5. \uc778\ud50c\ub808\uc774\uc158\uacfc \uc2e4\uc5c5\uc758 \uc0c1\ucda9\uad00\uacc4 \uc5d0\uc11c\ub294
\n\uc778\ud50c\ub808\uc774\uc158\uacfc \uc2e4\uc5c5\uc758 \uc7a5\/\ub2e8\uae30 \uad00\uacc4\uc640 \ud544\ub9bd\uc2a4 \uace1\uc120\uc5d0 \ub300\ud574 \uc124\uba85\ud55c\ub2e4.<\/p>\n

\uc778\ud50c\ub808\uc774\uc158\uacfc \uc2e4\uc5c5\uc740 \ub9ce\uc740 \uc8fc\ubaa9\uc744 \ubc1b\ub294 \ub450 \uac00\uc9c0 \uacbd\uc81c \uc9c0\ud45c\uc774\ub2e4.
\n\uc778\ud50c\ub808\uc774\uc158\uacfc \uc2e4\uc5c5\ub960\uc744 \ud569\ud55c \uc218\uce58\ub97c \uace0\ud1b5\uc9c0\uc218(misery index)\ub85c \uc815\uc758\ud558\uc5ec
\n\uacbd\uc81c\uc758 \uac74\uc804\uc131\uc744 \uce21\uc815\ud558\ub294 \uacbd\uc81c\ud3c9\ub860\uac00\ub4e4\ub3c4 \uc788\ub2e4.<\/p>\n

\uc2e4\uc5c5\ub960\uc740 \ub178\ub3d9\uc2dc\uc7a5\uc758 \uc5ec\ub7ec\uac00\uc9c0 \uc18d\uc131\uc5d0 \uc758\ud574 \uacb0\uc815\ub418\uace0,
\n\uc778\ud50c\ub808\uc774\uc158\uc728\uc740 \uc911\uc559\uc740\ud589\uc774 \ud1b5\uc81c\ud558\ub294 \ud1b5\ud654\ub7c9\uc5d0 \uc758\ud574 \uacb0\uc815\ub41c\ub2e4.
\n\ub530\ub77c\uc11c \uc7a5\uae30\uc801\uc73c\ub85c \uc778\ud50c\ub808\uc774\uc158\uc740 \uc2e4\uc5c5\uacfc \uad00\uacc4\uac00 \uc5c6\ub2e4.
\n\ud558\uc9c0\ub9cc \ub2e8\uae30\uc801\uc73c\ub85c\ub294 \uc778\ud50c\ub808\uc774\uc158\uacfc \uc2e4\uc5c5\uc740 \uc0c1\ucda9\uad00\uacc4\uac00 \uc788\ub2e4.<\/p>\n

\"\ud544\ub9bd\uc2a4\uace1\uc120\"
\n<\/p>\n

\ud544\ub9bd\uc2a4\uace1\uc120(Phillips curve)\uc740 \uc704\uc640 \uac19\uc774 \uc778\ud50c\ub808\uc774\uc158\uc728\uacfc \uc2e4\uc5c5\ub960 \uc0ac\uc774\uc758 \ub9c8\uc774\ub108\uc2a4 \uc0c1\uad00\uad00\uacc4\ub97c \ub098\ud0c0\ub0b8\ub2e4.
\n\u25c6 \ud544\ub9bd\uc2a4\uace1\uc120(Phillips curve) : \uc778\ud50c\ub808\uc774\uc158\uacfc \uc2e4\uc5c5\ub960 \uc0ac\uc774\uc758 \ub2e8\uae30 \uc0c1\ucda9\uad00\uacc4\ub97c \ubcf4\uc5ec\uc8fc\ub294 \uace1\uc120
\n\u25c6 \ud544\ub9bd\uc2a4\uace1\uc120(Phillips curve) : \uc704\ud0a4\ud53c\ub514\uc544 \ucc38\uace0<\/a><\/p>\n

\"\ud544\ub9bd\uc2a4\uace1\uc120\uacfc\ucd1d\uc218\uc694\uacf5\uae09\ubaa8\ud615(\ub2e8\uae30)\"
\n<\/p>\n

\uc704 \uadf8\ub798\ud504\ub294 \ub2e8\uae30\uc5d0 \ub300\ud55c \ud544\ub9bd\uc2a4\uace1\uc120\uacfc AD-AS \ubaa8\ud615\uc758 \uad00\uacc4\ub97c \ub098\ud0c0\ub0b8\ub2e4.
\n\u203b \uc7a5\uae30\uc5d0\ub294 \ud544\ub9bd\uc2a4 \uace1\uc120\uc740 \uc218\uc9c1\uc774\uba70, \uc778\ud50c\ub808\uc774\uc158\uc728\uacfc \uad00\uacc4\uac00 \uc5c6\ub2e4.<\/p>\n

\uc2e4\uc5c5\ub960\uacfc \uc778\ud50c\ub808\uc774\uc158\uc728\uc5d0 \ub300\ud55c \uad00\uacc4\ub294 \uc544\ub798\uc758 \uc218\uc2dd\uc73c\ub85c \uc124\uba85\ub41c\ub2e4.
\n[ \uc2e4\uc5c5\ub960 – \uc790\uc5f0\uc2e4\uc5c5\ub960 = -a(\uc2e4\uc81c \uc778\ud50c\ub808\uc774\uc158\uc728 – \uc608\uc0c1 \uc778\ud50c\ub808\uc774\uc158\uc728) ]
\n\ub2e8\uae30\uc5d0\ub294 \uc778\ud50c\ub808\uc774\uc158\uc728\uc5d0 \ub530\ub77c \uc2e4\uc5c5\ub960\uc774 \uc601\ud5a5\uc744 \ubc1b\uc9c0\ub9cc,
\n\uc7a5\uae30\uc5d0 \uc2e4\uc81c \uc778\ud50c\ub808\uc774\uc158\uc728\uacfc \uc608\uc0c1 \uc778\ud50c\ub808\uc774\uc158\uc740 \uac19\uc73c\ub2c8 \uc2e4\uc5c5\ub960\uc740 \uc790\uc5f0\uc2e4\uc5c5\ub960\uacfc \ub3d9\uc77c\ud558\ub2e4.
\n\uc7a5\uae30\uc5d0\ub294 \uc2e4\uc5c5\ub960\uacfc \uc778\ud50c\ub808\uc774\uc158\uc728\uc774 \uc0c1\uad00\uad00\uacc4\uac00 \uc5c6\ub2e4\ub294 \uac00\uc124\ub85c
\n\uc790\uc5f0\uc2e4\uc5c5\ub960 \uac00\uc124(natural-rate hypothesis) \uc774 \uc788\uc73c\uba70, \uc633\ub2e4\uace0 \ubc1b\uc544\ub4e4\uc5ec\uc9c0\uace0 \uc788\ub2e4.
\n\u25c6 \uc790\uc5f0\uc2e4\uc5c5\ub960 \uac00\uc124(natural-rate hypothesis) : \uc778\ud50c\ub808\uc774\uc158\uc774 \uc5bc\ub9c8\uac00 \ub418\ub4e0 \uc7a5\uae30\uc801\uc73c\ub85c \uc2e4\uc5c5\ub960\uc740
\n\uc790\uc5f0\uc2e4\uc5c5\ub960\ub85c \ub3cc\uc544\uac04\ub2e4\ub294 \uc8fc\uc7a5(\uc7a5\uae30\uc801\uc73c\ub85c!!)<\/p>\n

\ud574\ub85c\uc6b4 \uacf5\uae09\ucda9\uaca9(supply shock)\uc774 \uc788\uc744 \uacbd\uc6b0 \uc544\ub798\uc640 \uac19\uc774 \uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158\uc774 \uc628\ub2e4.
\n[ \ucd1d\uacf5\uae09(AS) \uac10\uc18c \u2192 \uc0b0\ucd9c\ub7c9(Y) \uac10\uc18c \u2192 \ubb3c\uac00 \uc0c1\uc2b9(\uc778\ud50c\ub808\uc774\uc158\uc728 \uc0c1\uc2b9)\/\uc2e4\uc5c5\ub960 \uc99d\uac00 ]
\n\u25c6 \uacf5\uae09\ucda9\uaca9(supply shock) : \uae30\uc5c5\ub4e4\uc758 \ube44\uc6a9\uacfc \uac00\uaca9\uc5d0 \uc9c1\uc811\uc801 \uc601\ud5a5\uc744 \ubbf8\uccd0
\n\ucd1d\uacf5\uae09\uace1\uc120\uacfc \ud544\ub9bd\uc2a4\uace1\uc120\uc744 \uc774\ub3d9\uc2dc\ud0a4\ub294 \uc0ac\uac74<\/p>\n

\uc778\ud50c\ub808\uc774\uc158 \uc800\uac10\uc815\ucc45(disinflation) \uc5d0\ub294 \ub192\uc740 \uc2e4\uc5c5\ub960\uacfc
\n\ud76c\uc0dd\ube44\uc728(sacrifice ratio)\uc5d0 \ub530\ub978 \ub0ae\uc740 \uc7ac\ud654\/\uc11c\ube44\uc2a4 \uc0b0\ucd9c\ub7c9\uc774\ub77c\ub294 \ub300\uac00\uac00 \ub530\ub978\ub2e4.
\n\ud569\ub9ac\uc801 \uae30\ub300(rational expectations) \uc774\ub860\uc5d0 \ub530\ub974\uba74 \uc815\ubd80\uac00 \uc801\uc808\ud55c \uc815\ucc45 \uacf5\uc57d\uc744 \ucc9c\uba85\ud55c\ub2e4\uba74
\n\uc0ac\ub78c\ub4e4\uc740 \ud569\ub9ac\uc801\uc774\uae30 \ub54c\ubb38\uc5d0 \uc989\uac01\uc801\uc73c\ub85c \uc608\uc0c1 \uc778\ud50c\ub808\uc774\uc158\uc744 \ub0ae\ucd9c \uac83\uc774\uba70
\n\uc774\ub807\uac8c \ub418\uba74 \ud76c\uc0dd\ube44\uc728\uc744 \ub0ae\ucd94\uba74\uc11c \uc2e0\uc18d\ud558\uac8c \uc778\ud50c\ub808\uc774\uc158\uc744 \uc7a1\uc744 \uc218 \uc788\ub2e4\uace0 \ud55c\ub2e4.
\n\uacb0\ub860\uc801\uc73c\ub85c \uc778\ud50c\ub808\uc774\uc158 \uc800\uac10\uc815\ucc45\uc740 \ud574\ub2f9 \uc815\ucc45\uc744 \uc0ac\ub78c\ub4e4\uc774 \uc5bc\ub9c8\ub098 \ubbff\uc73c\ub0d0\uac00 \uc911\uc694\ud558\ub2e4.
\n\u25c6 \ud76c\uc0dd\ube44\uc728(sacrifice ratio) : \uc778\ud50c\ub808\uc774\uc158\uc728 1% \ud3ec\uc778\ud2b8 \ub0ae\ucd9c \ub54c\uc758 \uc5f0\uac04 GDP \uc758 % \ud3ec\uc778\ud2b8 \uac10\uc18c\ubd84
\n\u25c6 \ud569\ub9ac\uc801 \uae30\ub300(rational expectations) : \uc0ac\ub78c\ub4e4\uc774 \uac00\ub2a5\ud55c \ubaa8\ub4e0 \uc815\ubcf4\ub97c \uc774\uc6a9\ud558\uc5ec \uc7a5\ub798\ub97c \uc608\uce21\ud55c\ub2e4\ub294 \uc774\ub860
\n\u25c6 \ud569\ub9ac\uc801 \uae30\ub300(rational expectations) : \ub098\ubb34\uc704\ud0a4 \ucc38\uace0<\/a>
\n\u203b \uc644\uc804\uc608\uacac(\uace0\uc804)\/\uc815\ud0dc\uc801 \uae30\ub300(\ucf00\uc778\uc988)\/\uc801\uc751\uc801 \uae30\ub300(\ud1b5\ud654\uc8fc\uc758)\uc640 \ub2e4\ub978 \ud569\ub9ac\uc801\uae30\ub300(\uc0c8\uace0\uc804)\uc774\ub2e4.
\n\u203b \uc815\ucc45\uc744 \ucd5c\ub300\ud55c \uc2e4\uc2dc\ud558\uc9c0 \ub9d0\uace0, \uc2e4\uc2dc\ud560 \uac83\uc774\uba74 \uc2e0\ub8b0\uc788\ub294 \uc815\ucc45\uc744 \uc2e4\uc2dc\ud558\uc790\ub294 \ub0b4\uc6a9\uc774\ub2e4.<\/p>\n

1968\ub144\uc5d0 \ud504\ub9ac\ub4dc\uba3c\uc774 \uc778\ud50c\ub808\uc774\uc158\uacfc \uc2e4\uc5c5\uc758 \uad00\uacc4\ub97c \ud45c\ud604\ud55c \ub2e4\uc74c \uad6c\uc808\uacfc \ud568\uaed8 \ub9c8\ubb34\ub9ac\ud55c\ub2e4.
\n“\uc778\ud50c\ub808\uc774\uc158\uacfc \uc2e4\uc5c5 \uc0ac\uc774\uc5d0\ub294 \uc77c\uc2dc\uc801\uc778 \uc0c1\ucda9\uad00\uacc4\uac00 \ud56d\uc0c1 \uc874\uc7ac\ud558\uc9c0\ub9cc \uc774 \uad00\uacc4\ub294 \ud56d\uad6c\uc801\uc774 \uc544\ub2c8\ub2e4.
\n\uc77c\uc2dc\uc801\uc778 \uc0c1\ucda9\uad00\uacc4\ub294 \uc778\ud50c\ub808\uc774\uc158 \uc790\uccb4\uac00 \uc544\ub2c8\ub77c \ub300\uac1c \uc778\ud50c\ub808\uc774\uc158\uc758 \uc99d\uac00\ub97c \uc758\ubbf8\ud558\ub294
\n\uc608\uc0c1\uce58 \ubabb\ud55c \uc778\ud50c\ub808\uc774\uc158\uc5d0\uc11c \ube44\ub86f\ub418\ub294 \uac83\uc774\ub2e4.
\n\ud56d\uad6c\uc801\uc778 \uc0c1\ucda9\uad00\uacc4\uac00 \uc874\uc7ac\ud55c\ub2e4\ub294 \uc0dd\uac01\uc740 ‘\ub192\uc740(high)’\uacfc ‘\uc0c1\uc2b9\ud558\ub294(rising)’\uc744 \ud63c\ub3d9\ud558\ub294 \uac83\uc5d0\uc11c \ube44\ub86f\ub41c\ub2e4.
\n\uc778\ud50c\ub808\uc774\uc158\uc728\uc774 \uc0c1\uc2b9\ud558\uba74 \uc2e4\uc5c5\ub960\uc774 \ub0ae\uc544\uc9c8 \uc218 \uc788\uc9c0\ub9cc,
\n\uc778\ud50c\ub808\uc774\uc158\uc774 \ub192\ub2e4\uace0 \ud574\uc11c \uc2e4\uc5c5\ub960\uc774 \ub0ae\uc544\uc9c8 \uc218\ub294 \uc5c6\ub294 \uac83\uc774\ub2e4.
\n\uc5ec\ub7ec\ubd84\uc740 ‘\uc77c\uc2dc\uc801’\uc774 \uc5bc\ub9c8\ub098 \uae34 \uae30\uac04\uc774\ub0d0\uace0 \ubb3c\uc744 \uac83\uc774\ub2e4.
\n\uc5ed\uc0ac\uc801 \uc99d\uac70\uc5d0 \uad00\ud55c \uad00\ucc30\uc5d0 \uc785\uac01\ud55c \ub098\uc758 \uac1c\uc778\uc801\uc778 \ud310\ub2e8\uc73c\ub85c\ub294
\n\uc608\uc0c1\uce58 \ubabb\ud55c \uc778\ud50c\ub808\uc774\uc158, \uc608\uc0c1\ubcf4\ub2e4 \ub192\uc740 \uc778\ud50c\ub808\uc774\uc158\uc758 \ud6a8\uacfc\ub294 2~5\ub144\ub3d9\uc548 \uc9c0\uc18d\ub420 \uac83 \uac19\ub2e4.”<\/p>\n

[line][\/line]
\n\u2605 \ubcf8 \ud3ec\uc2a4\ud2b8\ub294 PC \uc5d0\uc11c \uac00\uc7a5 \ubcf4\uae30 \uc88b\uac8c \ucd5c\uc801\ud654\ub418\uc5b4 \uc788\uc74c
\n[mqe][\/mqe]<\/p>\n","protected":false},"excerpt":{"rendered":"

[mqe][\/mqe] [line][\/line] \ub9e8\ud050\uc758 \uacbd\uc81c\ud559 12\ubd80\ub294 \uc544\ub798\uacfc \uac19\uc774 \uc774\ub8e8\uc5b4\uc838 \uc788\uc73c\uba70, \ucd1d\uc218\uc694\/\ucd1d\uacf5\uae09\ubaa8\ud615\uc744 \ud1b5\ud574 \ub2e8\uae30 \uacbd\uae30\ubcc0\ub3d9\uacfc \ub2e8\uae30 \uae08\uc735\/\uc7ac\uc815\uc815\ucc45\uc758 \ud6a8\uacfc, \uadf8\ub9ac\uace0 \uc2e4\uc9c8\ubcc0\uc218\ub4e4\uacfc \uba85\ubaa9\ubcc0\uc218\ub4e4 \uc0ac\uc774\uc758 \ub2e8\uae30 \uc0c1\uad00\uad00\uacc4\ub97c \uc124\uba85\ud55c\ub2e4. \uc81c 12\ubd80. \ub2e8\uae30 \uacbd\uae30\ubcc0\ub3d9 \uc81c 33\uc7a5. \ucd1d\uc218\uc694\uc640 \ucd1d\uacf5\uae09 \uc81c 34\uc7a5. \ud1b5\ud654\uc815\ucc45\uacfc \uc7ac\uc815\uc815\ucc45\uc774 \ucd1d\uc218\uc694\uc5d0 \ubbf8\uce58\ub294 \ud6a8\uacfc \uc81c 34\uc7a5. \uc778\ud50c\ub808\uc774\uc158\uacfc \uc2e4\uc5c5\uc758 \uc0c1\ucda9\uad00\uacc4 \u2605 \uc81c 33\uc7a5. \ucd1d\uc218\uc694\uc640 \ucd1d\uacf5\uae09 \u2605 \uacbd\uae30\ubcc0\ub3d9\uc5d0\ub294 \uc138\uac00\uc9c0 \uc911\uc694\ud55c \ud2b9\uc9d5\uc774 \uc788\ub2e4. (1) […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1907],"tags":[2157,1940,1898,1939,1915],"jetpack_featured_media_url":"","views":"","jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/7708"}],"collection":[{"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7708"}],"version-history":[{"count":26,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/7708\/revisions"}],"predecessor-version":[{"id":15851,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/7708\/revisions\/15851"}],"wp:attachment":[{"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7708"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/hyunsik.me\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}