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Basic Macroeconomic Relationships


In this chapter you will learn:
  • How changes in income affect consumption (and saving).
  • About factors other than income that can affect consumption.
  • How changes in real interest rates affect investment.
  • About factors other than the real interest rate that can affect investment.
  • Why changes in investment increase or decrease real GDP by a multiple amount.










McConnell, Macroeconomics 17eOnline Learning Center

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