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Macroeconomics Study Guide: Production, Distribution, Consumption, and Government Policy

Study Guide - Learn with Videos

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Factors of Production

Productive and Allocative Efficiency

Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency

The Consumption Function

The Saving Function

Determinants of Consumption and Saving

Multiplier Effect of Investment Spending

Aggregate Expenditures Model and Macroeconomic Equilibrium

AE Model and the Multiplier

Introduction to Fiscal Policy

Expansionary and Contractionary Fiscal Policy

Government Purchases and the Multiplier Effect

Taxes, the Multiplier Effect, and Automatic Stabilizers

Long Run Effects of Fiscal Policy