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Equation for the 4 sector Keynesian short run planned expenditure model C = 5000+0.8[Y~T) C is consumption Y is income T is net taxes M=0.1
Equation for the 4 sector Keynesian short run planned expenditure model C = 5000+0.8[Y~T) C is consumption Y is income T is net taxes M=0.1 Y IP=750. G=200 5=tY+T exogenous X = 600 5 = 0.25 marginal tax rate Calculate - total exogenous components of planned aggregate expenditure - slope of the planned aggregate expenditure curve
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Business A Changing World
Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
10th edition
1259179397, 978-1259179396
