S10 My Ch09C(2) - 1 The Keynesian Cross 45 Y I+G+(1-s)(Y-T)...

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Unformatted text preview: 1 The Keynesian Cross 45 Y I+G+(1-s)(Y-T) = I+G+(1-s)(1-t)Y = Y I+G-(1- s)T 1-s Y Ch. 10 IS-LM, AS AD Analysis Review (continued) 2 The Keynesian Cross 45 Y I+G+(1-s)(Y-T) = Y I+G-(1- s)T 1-s Y Ch. 10 IS-LM, AS AD Analysis Review (continued) I+G+ G-(1- s)T Fiscal action G 3 The Keynesian Cross 45 Y I+G+(1-s)(Y-T) = I+G+(1-s)(1-t)Y- T = Y I+G-(1-s) T (1-s)(1-t) Y Ch. 10 IS-LM, AS AD Analysis Review (continued) T = t Y + T (1-s)[1-(t- t )] Fiscal action - t 4 The Hicksian program of Synthesis r Y LM The classical special case The general case The Keynesian special case 5 The Hicksian program of Synthesis r Y LM The general case IS 1 . The general case: fiscal policy matters somewhat 6 The Hicksian program of Synthesis r Y LM The Keynesian special case IS 2 . The Keynesian case: only fiscal policy matters 7 The Hicksian program of Synthesis r Y LM The classical special case IS 3 . The Classical case: fiscal policy does not matters The shift of...
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S10 My Ch09C(2) - 1 The Keynesian Cross 45 Y I+G+(1-s)(Y-T)...

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