View source for 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."


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