Random Fact

Malaysia has a labor force of nearly 13 million people and a real GDP growth rate of 5.6% (CIA World Fact Book, 2012).

Unit 5: Models of Output Determination

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
Test Your Knowledge!