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Macroeconomics Chapter 11 Income and Expenditure Third Edition

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Presentation on theme: "Macroeconomics Chapter 11 Income and Expenditure Third Edition"— Presentation transcript:

1 Macroeconomics Chapter 11 Income and Expenditure Third Edition
Paul Krugman and Robin Wells Macroeconomics Third Edition Chapter 11 Income and Expenditure Copyright © 2013 by Worth Publishers

2 Table 11. 1 Rounds of Increases of Real GDP When MPC = 0
Table Rounds of Increases of Real GDP When MPC = 0.6 Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

3 Table Investment Spending, Consumer Spending, and Real GDP in the Great Depression (billions of 2005 dollars) Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

4 Figure Current Disposable Income and Consumer Spending for American Households in 2009 Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

5 Figure The Consumption Function Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

6 Figure A Consumption Function Fitted to Data Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

7 Figure Shifts of the Aggregate Consumption Function Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

8 Figure Changes in the Aggregate Consumption Function Over Time Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

9 Figure Fluctuations in Investment Spending and Consumer Spending Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

10 Figure 11. 7 Interest Rates and the U. S
Figure Interest Rates and the U.S. Housing Boom Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

11 Table 11.3 Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

12 Figure The Aggregate Consumption Function and Planned Aggregate Spending Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

13 Table 11.4 Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

14 Figure Income–Expenditure Equilibrium Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

15 Table 11.5 Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

16 Figure The Multiplier Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

17 Figure Inventories and the End of a Recession Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers


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