MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... Multiplier = 3 AE AEO O ( a ) Multiplier is 2 - 2 3 4 5 6 Real GDP ( trillions of 1987 dollars ) The size of the multiplier depends on the slope of the AE curve . The multiplier formula , 1 / ( 1 g ) , tells us the relationship . If the ...
... Multiplier = 3 AE AEO O ( a ) Multiplier is 2 - 2 3 4 5 6 Real GDP ( trillions of 1987 dollars ) The size of the multiplier depends on the slope of the AE curve . The multiplier formula , 1 / ( 1 g ) , tells us the relationship . If the ...
˹éÒ 231
... multiplier equals the negative of the transfer payments multiplier . Because a tax increase leads to a decrease in equilibrium expenditure , the tax multiplier is negative . It is Tax multiplier = -b ( 1 - g ) For example , if the ...
... multiplier equals the negative of the transfer payments multiplier . Because a tax increase leads to a decrease in equilibrium expenditure , the tax multiplier is negative . It is Tax multiplier = -b ( 1 - g ) For example , if the ...
˹éÒ 243
... multiplier ( or sim- ply the multiplier ) is the change in equilibrium real GDP divided by the change in autonomous expendi- ture that brought it about . The size of the multiplier depends on the slope of the AE curve ( g ) , and its ...
... multiplier ( or sim- ply the multiplier ) is the change in equilibrium real GDP divided by the change in autonomous expendi- ture that brought it about . The size of the multiplier depends on the slope of the AE curve ( g ) , and its ...
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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