1. Chapter 16National Income 2. Lecture Plan • Objectives • Circular Flow of Economic Activities and Income – Two Sector Model – Four Sector Model• • • •…

Slide 1Over the business cycle, investment spending ______ consumption spending. 12345 a)is inversely correlated with b)is more volatile than c)has about the same volatility…

1.Chapter 16National Income2. Lecture Plan • Objectives • Circular Flow of Economic Activities and Income – Two Sector Model – Four Sector Model• • • • •Macroeconomic…

Chapter 16 National Income Lecture Plan Objectives Circular Flow of Economic Activities and Income Two Sector Model Four Sector Model Macroeconomic variables Concepts of…

1. Chapter 16 National Income 2. Lecture Plan • Objectives • Circular Flow of Economic Activities and Income – Two Sector Model – Four Sector Model • Macroeconomic…

Slide 1Chapter 10: Aggregate Demand I Slide 2 The IS-LM Model A short-run macroeconomic model which takes the price level constant and shows how changes in the level of Aggregate…

Slide 1 Chapter 7: The AS-AD ModelBlanchard: Macroeconomics Slide #1 The AS-AD Model Determination of Output in the short-run and medium-run Requires equilibrium in the goods,…

Slide 1 Springs And pendula, and energy Slide 2 Spring Constants SpringkUnits Small Spring Long Spring Medium spring 2 in series 2 in parallel 3 in series 3 in parallel Do…

Monetary Policy Chapter 13 National Income Buy goods and services Need in liquid form Deposits and Cash Md Earns Interest Does not earn Interest Demand for Money (Md): The…

© 2008 Pearson Education Canada 23.* Chapter 23 Monetary and Fiscal Policy in the ISLM Model © 2008 Pearson Education Canada 1. Factors that Shift the IS Curve A change…