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Keynesian System I: Expenditure and Equilibrium in the Product Market
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Aggregate Expenditures Model and Macroeconomic Equilibrium
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07:08
Aggregate Expenditures Model and Macroeconomic Equilibrium
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Numerical Aggregate Expenditures
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AE Model: Private Closed Economy
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Private Closed Economy
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The Consumption Function
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1 = MPC + MPS
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Equation of the Consumption Function
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Marginal Propensity to Consume and Save
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The Saving Function
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Saving Function (Saving Schedule)
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Determinants of Consumption and Saving
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Determinants of Consumption and Saving
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