Random Fact

In 2013, a United States household of four (two children) was considered poor if its income was below $23,492 (this does not include income from anti-poverty programs) (http://www.census.gov/hhes/www/poverty/data/threshld/index.html).

Unit 5: Models of Output Determination

Introduction
Section 1: Keynes versus the Classicists
Section 2: The Keynesian Model
Section 3: Consumption and the Keynesian Multiplier
Section 4: The Tax Multiplier and the Balanced Budget Multiplier
Section 5: Critical Analysis of the Keynesian Model and the Importance of Savings to Increase Investment Spending
Section 6: Aggregate Demand and Aggregate Supply
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