'Keynesian cross diagram' presentation slideshows

593 views • 43 slides

The Keynesian Framework and the ISLM Model

The Keynesian Framework and the ISLM Model. Determination of Output. Keynesian ISLM Model assumes price level is fixed Aggregate Demand Y ad = C + I + G + NX Equilibrium Y = Y ad Consumption Function C = a + ( mpc ? Y D ) Investment 1. Fixed investment

1.39k views • 28 slides

Spending and Output in the Short Run

Spending and Output in the Short Run. Chapter 13. Chapter 13 Learning Objectives. You should be able to:. List the components of investment. Distinguish between actual and planned aggregate expenditure. Describe the consumption function, graph the consumption function.

297 views • 12 slides