econ205jan31

econ205jan31 - - No Government Interference Key Policy...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
ECON 205 January 31, 2008 Economical School of Thoughts <- Classical -> Adam Smith 1776 Wealth of Nations <- Keynesion Classical assumptions - Flexible Prices, FLexible wages -> Full Employment Policy Conclusions
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: - No Government Interference Key Policy Conclusions- government intervention The real economy Y-T = Yd Yd = C + s I = S + (T-G) - (x-m) s= private saving, (t-g) = public saving (x-m) = trade...
View Full Document

This note was uploaded on 02/19/2009 for the course ECON 20091_ECO taught by Professor Mohammadsafarzadeh during the Spring '09 term at USC.

Ask a homework question - tutors are online