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.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
The Keynesian Model
THE CONSUMPTION FUNCTION
CONSUMPTION FUNCTIONS FOR TWO MARGINAL PROPENSITIES TO CONSUME
U.S. PERSONAL CONSUMPTION AND DISPOSABLE INCOME, 1933–2003
Source: Bureau of Economic Research, http://www.bea.doc.gov/bea/dn/nipaweb/SelectTable.asp?Selected-N.
MOVEMENT ALONG AND SHIFTS IN THE CONSUMPTION FUNCTION
A COMPARISON OF THE VOLATILITY OF REAL INVESTMENT AND REAL CONSUMPTION, 1965–2003
Source: Bureau of Economic Analysis, http://www.bea.doc/bea/dn/nipaweb/SelectTable.asp?Selected=N, Table 1.1.1.
MOVEMENT ALONG AND A SHIFT IN A FIRM’S INVESTMENT DEMAND
THE AGGREGATE INVESTMENT DEMAND AND AUTONOMOUS INVESTMENT DEMAND CURVES
AGGREGATE EXPENDITURES FUNCTION DATA