Chapter 3 Total Expenditure GDP. Goods Market 复表经济学院
Chapter 3 Total Expenditure & GDP: Goods Market 0 10 20 30 40 90 91 92 93 94 95 96 97 98 99 00
Content o 3.1 Concepts of Macroeconomic Equilibrium o3.2 Consumption Function o 3. 3Simple Model and others ⊙34 Multiplier 复表经济学院
Content 3.1 Concepts of Macroeconomic Equilibrium 3.2 Consumption Function 3.3Simple Model and others 3.4 Multiplier
3.1 Concepts of Macroeconomic Equilibrium o Macroeconomic Equilibrium os The total supply equals the total demand Y=aggregate output the total spending= gross income 复具济学院
3.1 Concepts of Macroeconomic Equilibrium Macroeconomic Equilibrium ❖The total supply equals the total demand Y aggregate output the total spending gross income = = =
3.1 Concepts of Macroeconomic Equilibrium--two sections model (1) supply factors of production Factors market (2) payments Family Firms (3) buying products ■■口■■■口■口口■■ Goods&labor market (4) supply goods 复表经济学院
Factors market Goods&labor market Family Firms （1）supply factors of production （2）payments （3）buying products （4）supply goods 3.1 Concepts of Macroeconomic Equilibrium——two sections model
3.1 Concepts of Macroeconomic Equilibrium o leakage: family set aside part of the income for saving o injection firms get the investment payments firms k family Expenditure on Investme consumption savings nt Financial market 复表经济学院
leakage：family set aside part of the income for saving. injection：firms get the investment firms family payments Expenditure on consumption Financial market Investme savings nt 3.1 Concepts of Macroeconomic Equilibrium