ECO 200 Lecture Notes - Lecture 7: Stock Market Crash, Full Employment, Fiscal Policy

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Presidential economics : hoover, roosevelt, eisenhower, kennedy , obama. 25 multiple choice, problems and graphs, 10 matching. Mc 50 points, 30 points problems and graphs, 10 points matching. Table 11. 5 o, 233 equilibrium levels of employment. Class notes and canvas modules and exercises since test 1. Mpc = change in c / change in di. Ae = c + i + g + xn. The consumption function equation will be given on the test. All other in the multiplier will be given. Total multiplier effect = round 1 change in income * multiplier. Change in consumption (multiplier spreadsheet ) = change in income * mpc. Multiplier * initial change in spending = change in real gdp. Tax multiplier = 1- multiplier (take absolute value). Keynes expansionary fiscal policy correcting recession. classical model no government intervention self correcting economy laissez. Keynes economic government intervention to correct down turn fiscal policy s government intervention.

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