FIGURE 12.1 The Aggregate Macroeconomic Model

FIGURE 12.2 Consumer Sentiment and the Unemployment Rate

FIGURE 12.3 Stock Market Returns

EQUATION 12.1 The Components of Aggregate Expenditure

EQUATION 12.2 The Components of Aggregate Expenditure

FIGURE 12.4 The Components of Aggregate Expenditure

FIGURE 12.5 Resource Utilization and Constraints

FIGURE 12.6 Housing Starts and Mortgage Rates

EQUATION 12.3 Gross Private Domestic Investment Expenditure

EQUATION 12.4 Gross Private Domestic Investment Expenditure

FIGURE 12.7 Federal Government Budget

EQUATION 12.5 Government Expenditure

EQUATION 12.6 Government Expenditure

EQUATION 12.7 Net Export Expenditure

EQUATION 12.8 Net Export Expenditure

TABLE 12.1 Effect of Dollar Depreciation on Exports and Imports

TABLE 12.2 Effect of Dollar Appreciation on Exports and Imports

EQUATION 12.9 Net Export Expenditure

EQUATION 12.10 Net Export Expenditure

EQUATION 12.11 Aggregate Expenditure

EQUATION 12.12 Aggregate Expenditure

EQUATION 12.13 Aggregate Expenditure

FIGURE 12.8 Aggregate Expenditure Function

EQUATION 12.14 Equilibrium Level of Income and Output

TABLE 12.3 Equilibrium in the Open, Mixed Economy Model

EQUATION 12.15 Equilibrium Level of Income and Output

FIGURE 12.9 Equilibrium Level of Income

FIGURE 12.10 Changes in Equilibrium

TABLE 12.4 Factors Causing Changes in Aggregate Expenditure (E)and Equilibrium Income (Y) (Derived from Equation 12.12)

EQUATION 12.16 - 12.19 Equilibrium Level of Income and Output

EQUATION 12.20 Equilibrium Level of Income and Output

FIGURE 12.11 Interest-Related Expenditure and Equilibrium in the Real Goods Market

TABLE 12.A1 Equilibrium in a Mixed, Open Economy (billions $)

TABLE 12.A2 Changes in Aggregate Expenditure and Equilibrium Income and Output in a Mixed, Open Economy (Based on Model in Table 12.A1—billions $)