Chapter 28: Keynesian Aggregate Expenditure
Economics 1200 with Martel at University of Connecticut
About this deck
By: Gregory Koch
Textbook:
Economics plus MyEconLab 2-semester Student Access Kit, Economics (9th Edition)
Created: 2010-12-14
Size: 6 flashcards
Views: 21
Textbook:
Economics plus MyEconLab 2-semester Student Access Kit, Economics (9th Edition)Created: 2010-12-14
Size: 6 flashcards
Views: 21
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What is the marginal propensity to consume?
The fraction of a change in disposable income that is spent on consumption
What is autonomous expenditure?
The sum of investment, government expenditure, and exports
Equilibrium expenditure is the level of aggregate expenditure that occurs when
Aggregate planned expenditure equals real GDP
The multiplier is the amount by which the change in _________ is multiplied to determine the change in _____________ and _________.
autonomous expenditure, equilibrium expenditure and real GDP
If unplanned inventories are increasing, there will be a ______ (expansion/recession)
recession
If unplanned inventories are decreasing, there will be a _______ (expansion/recession)
expansion
About this deck
By: Gregory Koch
Textbook: Economics plus MyEconLab 2-semester Student Access Kit, Economics (9th Edition)
Created: 2010-12-14
Size: 6 flashcards
Views: 21
Textbook:
Economics plus MyEconLab 2-semester Student Access Kit, Economics (9th Edition)Created: 2010-12-14
Size: 6 flashcards
Views: 21
About StudyBlue
STUDYBLUE makes things that make you better at school.
Things like online flashcards with photos and audio.
Things like personalized quizzes and friendly reminders about when (and what) to study next.
Think of it as a digital backpack™: access to all of your study materials online and on your phone.
STUDYBLUE exists to make studying efficient and effective for every student, for free. Join us.
“Simply amazing. The flash cards are smooth, there are many different types of studying tools, and there is a great search engine. I praise you on the awesomeness.”
Dennis
Dennis