1-23-07 - • S T M = I G X • I = S T – G – X – M...

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

View Full Document Right Arrow Icon
Macro-Economics Lecture 1/23/07 Ysub-d = disposable income = Y – T Saving results in contraction in the economy Imports/foreign goods are leakages, contractions in the economy X = exports = expansion A trade surplus will expand our economy NX = X – M Leakage = injection
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: • S + T + M = I + G + X • I = S + ( T – G ) – ( X – M ) • Private Saving (S) + Public Saving (T – G) = National Saving • 4.4% is our unemployment rate • Bubble Economy – Speculative buying that results in higher stock prices...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern