This preview shows page 1. Sign up to view the full content.
Unformatted text preview: anding GDP.
(What about Appreciation of the $???)
Chapter 9, 175-179 Government Spending and Equilibrium Output Completing the Aggregate Expenditure Model by adding government will now create an
open mixed economy with a public sector. Government expenditures and taxes are subject to direct public control, but we can use
these tools to manipulate the economy.
√ Investment and net exports are independent of the level of GDP
√ Government spending is not the cause of shifts in Consumption...
View Full Document
This note was uploaded on 01/30/2014 for the course ECON 259 taught by Professor Geanakopolis during the Fall '10 term at Purdue.
- Fall '10