MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... income • Expected future income . 1. Disposable Income Disposable income is the aggregate income that households receive in exchange for supplying the services of factors of production plus transfers received from the govern- ment minus ...
... income • Expected future income . 1. Disposable Income Disposable income is the aggregate income that households receive in exchange for supplying the services of factors of production plus transfers received from the govern- ment minus ...
˹éÒ 196
... income that influence consumption expenditure shift both the consumption function and the saving func- tion . For example , an increase in expected future income increases consumption expenditure and decreases saving . In such a case ...
... income that influence consumption expenditure shift both the consumption function and the saving func- tion . For example , an increase in expected future income increases consumption expenditure and decreases saving . In such a case ...
˹éÒ 197
... income ΔΥΟ = 10,000 Change in consumption AC = 6,000 Change in saving AS = 4,000 Marginal propensity to consume Marginal propensity to save Consumption and saving depend on disposable income . At zero dispos- able income , some ...
... income ΔΥΟ = 10,000 Change in consumption AC = 6,000 Change in saving AS = 4,000 Marginal propensity to consume Marginal propensity to save Consumption and saving depend on disposable income . At zero dispos- able income , some ...
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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