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7 Cards in this Set
- Front
- Back
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PAS
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Planned Aggregate Spending
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PAS=
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AAS+bY or C+Ip+G+NX
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AAS
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Autonomous Aggregate Spending
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AAS=
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a-bTx+bTr+bi+Ip+G+NX
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Y=
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1/(1-b)*(AAS)
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Simple expenditure multiplied
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1/(1-b)
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Fiscal Policy
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G^, bTr^, bTx\/ (expansionary gap)
Vice versa for contractionary gap |
