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Compare & contrast the long run & short run, consumer spending & saving Compare graph p.198-197 with the graph p.200-199 Using the first graph compare
- Compare & contrast the long run & short run, consumer spending & saving
- Compare graph p.198-197 with the graph p.200-199 Using the first graph compare what occurred to C and S in 2007 and 2018. Explain why it happened.
- Apply the multiplier effect to GDP using the reciprocal of the MPS (LO 10.5), second paragraph.
- Use the table 10.7 on p. 211 to explain the multiplier effect with an MPS of 2/3 & 1/5
- Complete the problems # 1 & 2 of Problems p. 216. Exclude the APC and the APS.
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
