The keynesian model
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C HAPTER. The Keynesian Model. 18. EXHIBIT 2. T HE C ONSUMPTION F UNCTION. C ONSUMPTION F UNCTIONS FOR T WO M ARGINAL P ROPENSITIES TO C ONSUME. EXHIBIT 4. U.S. P ERSONAL C ONSUMPTION AND D ISPOSABLE I NCOME, 1933–2003. EXHIBIT 5.

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The Keynesian Model

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The keynesian model

CHAPTER

The Keynesian Model

18


The keynesian model

EXHIBIT 2

THE CONSUMPTION FUNCTION


The keynesian model

CONSUMPTION FUNCTIONS FOR TWO MARGINAL PROPENSITIES TO CONSUME

EXHIBIT 4


The keynesian model

U.S. PERSONAL CONSUMPTION AND DISPOSABLE INCOME, 1933–2003

EXHIBIT 5

Source: Bureau of Economic Research, http://www.bea.doc.gov/bea/dn/nipaweb/SelectTable.asp?Selected-N.


The keynesian model

MOVEMENT ALONG AND SHIFTS IN THE CONSUMPTION FUNCTION

EXHIBIT 6


The keynesian model

A COMPARISON OF THE VOLATILITY OF REAL INVESTMENT AND REAL CONSUMPTION, 1965–2003

EXHIBIT 7

Source: Bureau of Economic Analysis, http://www.bea.doc/bea/dn/nipaweb/SelectTable.asp?Selected=N, Table 1.1.1.


The keynesian model

MOVEMENT ALONG AND A SHIFT IN A FIRM’S INVESTMENT DEMAND

EXHIBIT 8


The keynesian model

THE AGGREGATE INVESTMENT DEMAND AND AUTONOMOUS INVESTMENT DEMAND CURVES

EXHIBIT 9


The keynesian model

EXHIBIT 10

AGGREGATE EXPENDITURES FUNCTION DATA


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