Random Fact

China's real GDP rose by 7.4% in 2014. It rose by 7.7% in 2013 and 2012 (CIA World Fact Book). 

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
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