Keynesian cross
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Keynesian cross is a simple model of income determination, based on the ideas in Keynes's General Theory, which shows how changes in spending can have a multiplied effect on aggregate income.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Keynesian cross. A simple model of income determination, based on the ideas in Keynes's General Theory, which shows how changes in spending can have a multiplied effect on aggregate income.
