 |  Macroeconomics, 9/e Campbell R. McConnell,
University of Nebraska, Lincoln
Stanley L. Brue,
Pacific Lutheran University
Thomas P. Barbiero,
Ryerson University
Building the Aggregate Expenditures Model
Chapter ObjectivesIn this chapter you will learn:
| The factors that determine consumption expenditure and saving. |
| | | | The factors that determine investment spending. |
| | | | How equilibrium GDP is determined in a closed economy without a government sector. |
| | | | About the effects of the multiplier on changes in equilibrium GDP. |
| | | | How international trade effects equilibrium output. |
| | | | How adding the public sector affects equilibrium output. |
| | | | The distinction between equilibrium versus full employment GDP. |
| | | | The limitation of the aggregate expenditure model. |
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2002 McGraw-Hill Higher Education