Aggregate Expenditure.doc

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Department
Economics for Management Studies
Course
MGEA01H3
Professor
Malcolm Mac Kinnon
Semester
Spring

Description
Aggregate Expenditure/ Income Equilibrium Terms:  Autonomous Spending Multiplier: the change in equilibrium Y given a change in A.  Fixed Tax Multiplier: the change in equilibrium in response to a change in Net Taxes (which includes both Taxes and Transfer Payments)  Equations:  Consumption function:  C = a + bYd  Investment functi
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