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Demand-Side Equilibrium: Unemployment or Inflation?

9. Demand-Side Equilibrium: Unemployment or Inflation?. Contents. Meaning of Equilibrium GDP Mechanics of Income Determination Aggregate Demand Curve Demand-Side Equilibrium and Full Employment Coordination of Saving and Investment Changes on the Demand Side: Multiplier Analysis.

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1.03k views • 82 slides

Chapter 9

Chapter 9. Demand-Side Equilibrium: Unemployment or Inflation?. A definite ratio, to be called the Multiplier, can be established between income and investment. JOHN MAYNARD KEYNES. Outline. Suppose AS is given, how does AD affect the equilibrium ?. The Meaning Of Equilibrium GDP.

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752 views • 53 slides

Tiffany Weir, Andrew B ernardo, Xijun Zhu

MPS/MPC, The Consumption Function, Consumption Schedule, The Expenditure Schedule and the Multiplier. Tiffany Weir, Andrew B ernardo, Xijun Zhu. MPC/MPS. MPC (Marginal Propensity to Consume) Definition: Ratio of the change in C to the change in DI that produces the change in C

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171 views • 9 slides

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Expenditure schedule - PowerPoint PPT Presentation

Demand-Side Equilibrium: Unemployment or Inflation?

Chapter 9

Tiffany Weir, Andrew B ernardo, Xijun Zhu