National income's cycling model From: Man kiw, Macroeconomics. 5th Edition, P 36 incone Markets for Factors Factor payments of Production Private saving minxia Public song Households Government Govemment investment Consumption Markets for Firm revenue Goods and Services The Circular Flow of Dollars Through the Economy This foure yellow box represents a more re version of the circular flow diagram found in Chapter 2. Each an economic actor-households, firms, and the government. Each blue box represents a type of market-the markets for goods and services, the markets for the factors of Production, and financial markets. The green arrows show the flow of dollars among the economic actors through the three types of markets. 院
National income’s cycling model From：Mankiw, Macroeconomics, 5th Edition，P.36
3.1 Concepts of Macroeconomic Equilibrium o Macroeconomic variables from expenditure VIew *Consumption ☆ nvestment Government Expenditure . Net Export YYEC/+ 复表经济学院
3.1 Concepts of Macroeconomic Equilibrium Macroeconomic variables from expenditure view ❖Consumption ❖Investment ❖Government Expenditure ❖Net Export Y =C + I +G + NX
3.1 Concepts of Macroeconomic Equilibrium--three sections economy government Firms Famil Financial market 复表经济学院
3.1 Concepts of Macroeconomic Equilibrium——three sections economy Firms Family Financial market government
3.1 Concepts of Macroeconomic Equilibrium--four sections economy 复表经济学院
3.1 Concepts of Macroeconomic Equilibrium——four sections economy
3.1 Concepts of Macroeconomic Equilibrium AE AE I>O income=100 100 IU<O expenditure 100 100 100 Y 复学济学院
3.1 Concepts of Macroeconomic Equilibrium Y AE AE 100 100 Y income=100 expenditure =100 100 IU<0 IU>0