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Table Of Contents

A Diagram Showing Consumption and Investment
45-Degree Diagram
Equilibrium GDP in the 2-Sector Model
Equilibrium GDP in the 2-Sector Model: The Algebra
Injections and Withdrawals
Equilibrium
Disequilibrium
Adjustment to Equilibrium
Y Y
Paradox of Thrift
Prediction: The aggregate amount of saving is unchanged
Numerical Example for 2-Sector Model
Four Sector Model
Short-run Equilibrium
Equilibrium in Four Sector Model
PAE and the Output Gap
Level of PAE is Consistent with GDP equal to Potential Output
Decline in Planned Spending leads to Contractionary Gap
Investment and the 1990s Recession (Feb 90-Oct 91)
Size of the Multiplier
Economics of the Multiplier
Increase exogenous PAE by 100
Recap
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Econ1102 Week 5

Econ1102 Week 5

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Published by AAA820
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Published by: AAA820 on Sep 12, 2013
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