Economics 012-3-4-2008

Economics 012-3-4-2008 - -∆I= ∆Y-∆C= ∆Y-Multiplier=...

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Economics 012 3/4/2008 - Marginal propensity to consume (MPC)= C or C+I o Margin of income that consumers spend Incomes are up or down
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Unformatted text preview: -∆I= ∆Y-∆C= ∆Y-Multiplier= 1/(1-MPC)-Y=C+S+T+M-∆Y=∆C+∆M+∆T+∆S...
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