Tải bản đầy đủ - 0 (trang)
Figure 23.5 (Macro 10) Consumption versus Aggregate Income

Figure 23.5 (Macro 10) Consumption versus Aggregate Income

Tải bản đầy đủ - 0trang

3. The Response of Consumption to Income (cont.)

• 3b. Other influences, such as the interest rate and

wealth, are less important in the short run and so

are ignored in the initial explanation.



Copyright © 2001 by H



19



4. Finding Real GDP When Consumption and Income

Move Together

• 4a. There are now two income-related parts to the

determination of aggregate demand or spending:

the GDP identity and the consumption function.

Taken together they determine GDP for a given

forecast change.

4b. The 45-degree line in Figure 23.6 is used to

determine the income-spending equality.



Copyright © 2001 by H



20



Figure 23.6

(Macro 10)

The 45-Degree Line



Copyright â 2001 by H



21



4. Finding Real GDP (cont.)

4c. The aggregate expenditure ( AE ) line results

from adding up the spending components

successively, as in Figure 23.7.

• 4c.1 The slope of the AE line depends at this point

on the consumption-income relation and is the

MPC.



Copyright © 2001 by H



22



Tài liệu bạn tìm kiếm đã sẵn sàng tải về

Figure 23.5 (Macro 10) Consumption versus Aggregate Income

Tải bản đầy đủ ngay(0 tr)

×