MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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Michael Parkin. CHAPTER 17 THE DEFICIT Why does the deficit become larger when the economy goes into recession ? Part of the answer lies on the expenditure side and part on the tax revenue side of the government's account . The scale of ...
Michael Parkin. CHAPTER 17 THE DEFICIT Why does the deficit become larger when the economy goes into recession ? Part of the answer lies on the expenditure side and part on the tax revenue side of the government's account . The scale of ...
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Michael Parkin. DEFICITS AND INFLATION FIGURE 17.5 The Real Deficit and the Nominal Deficit Surplus / deficit ( percentage of GDP ) 777 5 20 Real M Nominal Surplus Deficit -6 1970 1975 1980 1985 1990 Year The real deficit removes the ...
Michael Parkin. DEFICITS AND INFLATION FIGURE 17.5 The Real Deficit and the Nominal Deficit Surplus / deficit ( percentage of GDP ) 777 5 20 Real M Nominal Surplus Deficit -6 1970 1975 1980 1985 1990 Year The real deficit removes the ...
˹éÒ 466
... Deficit The U.S. federal government deficit grew in the early 1980s because the percentage of GDP spent by the federal government grew and the percentage collect- ed in taxes declined . The deficit , although fluctuat- ing , has tended ...
... Deficit The U.S. federal government deficit grew in the early 1980s because the percentage of GDP spent by the federal government grew and the percentage collect- ed in taxes declined . The deficit , although fluctuat- ing , has tended ...
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$1 trillion aggre aggregate demand curve aggregate expenditure aggregate planned expenditure aggregate supply curve amount autonomous expenditure banks billion hours business cycle capital CHAPTER consume consumption expenditure curve for real decrease deficit deposits dollars economists equal equilibrium expenditure example exports factors factors of production fall Federal Reserve Figure firms fiscal policy fluctuations forecast GDP deflator government purchases graph growth higher households labor curve labor force labor market long-run aggregate supply macroeconomic ment million tapes monetary policy money multiplier money supply money wage rate multiplier natural rate OPEC open market operation opportunity cost output Phillips curve price level production possibility frontier quantity demanded quantity of labor quantity of money quantity of real quantity supplied rational expectations Real GDP trillions real wage rate recession relationship rises short-run aggregate supply slope tapes a week taxes tion trillions of 1987 U.S. economy unem unemployment rate