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The Keynesian Model

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CHAPTER

The Keynesian Model

18

EXHIBIT 2

THE CONSUMPTION FUNCTION

CONSUMPTION FUNCTIONS FOR TWO MARGINAL PROPENSITIES TO CONSUME

EXHIBIT 4

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.

MOVEMENT ALONG AND SHIFTS IN THE CONSUMPTION FUNCTION

EXHIBIT 6

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.

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

EXHIBIT 8

THE AGGREGATE INVESTMENT DEMAND AND AUTONOMOUS INVESTMENT DEMAND CURVES

EXHIBIT 9

EXHIBIT 10

AGGREGATE EXPENDITURES FUNCTION DATA