Expenditure-output model

Expenditure-output model is a macroeconomic model in which equilibrium output occurs where the total or aggregate expenditures in the economy are equal to the amount produced; also called the "Keynesian cross model."

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Expenditure-output model. A macroeconomic model in which equilibrium output occurs where the total or aggregate expenditures in the economy are equal to the amount produced; also called the "Keynesian cross model."