{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Chap 11 Class - 9 GDP and full employment 10 Multiplier...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chap 11 Class 1. Aggregate expenditures a. GDP = NI, PI, DI 2. Model Simplifications a. Investment demand vs schedule b. Investment demand vs schedule 3. AE a. AE goes up i. Output goes up b. AE goes down i. Output goes down 4. GDP=AE 5. Internationla Trade a. Net exports and aggregate expenditures b. Net exports schedule c. Net exportsand equilibrium GDP i. Postivie nex exports ii. Negative net exports d. International economic linkages i. Prosperity abroad ii. Tarifs iii. Exchange Rates 6. GDP = Cd + Ia + Xn + G a. Lump sum taxes i. Taxes affect disposable income ii. Consumption and the MPC
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
7. Leakages = Sd + M + T 8. Injections = Ia + X + G
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 9. GDP and full employment 10. Multiplier effects a. Government spending b. Lump sum taxes 11. Recessionaly gap a. Policy options 12. INflatinary gap a. Demand pull inflation 13. Us Econ late 1990 a. Too mucn investment b. Stock market bubble c. Consumer debt d. Fraudulent business practice 14. Aggrate something 15. Classical ecnonmics a. Mill snad Ricardo b. Prices adjust to maintain full employment 16. Says law a. Supply creates its own demand 17. Depression challenged the theory 18. New theory developed kaynea...
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