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Economics 201 Review of Chapters 27 - 30

Chapter Review. Economics 201 Review of Chapters 27 - 30. Chapter Review. CHAPTER 27: Income –Consumption & Savings Relationship (consumption/savings schedule, average & marginal propensities, nonincome determinants) P. 548-54

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Economics 201 Review of Chapters 27 - 30

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  1. Chapter Review Economics 201 Review of Chapters 27 - 30

  2. Chapter Review CHAPTER 27: Income –Consumption & Savings Relationship (consumption/savings schedule, average & marginal propensities, nonincome determinants) P. 548-54 Interest Rate – Investment Relationship (expected rate of return, real interest rate, investment demand curve, instability of investment) P.55-59 Multiplier Effect ( P. 560-62)

  3. Chapter Review CHAPTER 28 : Assumptions/Simplifications & Consumption, Investment Schedule, and Equilibrium GDP P568-72 Changes in Equilibrium GDP & Multiplier P.573-74 Adding International Trade P.574-77 Adding Public Sector (lump sum tax effect) P.578-81 Equilibrium Versus Full-Employment GDP (recessionary & inflationary gap) P. 581-85

  4. Chapter Review CHAPTER 29: Aggregate Demand (real balance/interest-rare/foreign purchases effect): P.590-91 Changes in Aggregate Demand (consumer/investment/government/net export spending) P.591-94 Aggregate Supply (intermediate/short/long run) P. 594-97 Changes in Aggregate Supply (input prices/productivity/legal institutional environment) P. 597-600 Equilibrium & Changes in Equilibrium (demand-pull inflation/recession/cost-push inflation/full employment & price stability) P.600-06

  5. Chapter Review CHAPTER 30: Fiscal Policy & AD-AS Model (expansionary/contractionary policy) P.614-17 Built-In Stability (auto stabilizers/tax progressivity) P.617-19 Evaluating Fiscal Policy (recent fiscal policy)P.619-22 Problems/Criticisms/Complications (recognition/administrative/operational lag, crowding our effect) P.623-25 Public Debt/False Concerns/Substantive Issues P.625-29

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