Published 2014
Table of Contents:
“…Aggregate demand and economic fluctuations -- The
business cycle -- Macroeconomic modeling and aggregate demand -- Output, income, and aggregate demand -- The problem of leakages -- The Keynesian model -- consumption -- Investment -- The aggregate demand schedule -- The possibility of unintended investment -- Movement to equilibrium in the Keynesian model -- The problem of persistent unemployment -- Fiscal policy -- The role of government spending and taxes -- The Federal Budget -- Policy issues -- Crowding out and crowding in -- Different multiplier effects -- Applying fiscal policy -- Appendix A1. …”
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