Difference between revisions of "Expenditure-output model"
(Created page with "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 produ...") |
(No difference)
|
Latest revision as of 02:07, 2 June 2020
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."
