MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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˹éÒ 214
... trillion , aggregate planned expenditure equals real GDP . At real GDP levels below $ 4 trillion , aggregate planned expenditure exceeds real GDP . At real GDP levels above $ 4 trillion , aggregate planned expenditure is less than real ...
... trillion , aggregate planned expenditure equals real GDP . At real GDP levels below $ 4 trillion , aggregate planned expenditure exceeds real GDP . At real GDP levels above $ 4 trillion , aggregate planned expenditure is less than real ...
˹éÒ 221
... trillion , government purchases are $ 0.7 tril- lion , and exports are $ 0.45 trillion . The sum of these items ( I + G + EX ) is $ 1.65 trillion . The autonomous part of consumption expenditure ( C ) is $ 0.35 trillion . The sum of all ...
... trillion , government purchases are $ 0.7 tril- lion , and exports are $ 0.45 trillion . The sum of these items ( I + G + EX ) is $ 1.65 trillion . The autonomous part of consumption expenditure ( C ) is $ 0.35 trillion . The sum of all ...
˹éÒ 231
... trillion and the aggre- gate expenditure curve shifts downward by that amount to AE ,. Equilibrium expenditure and real GDP fall by $ 1.8 trillion to $ 2.2 trillion . The tax multiplier is -1.8 . Balanced Budget Multiplier A balanced ...
... trillion and the aggre- gate expenditure curve shifts downward by that amount to AE ,. Equilibrium expenditure and real GDP fall by $ 1.8 trillion to $ 2.2 trillion . The tax multiplier is -1.8 . Balanced Budget Multiplier A balanced ...
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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