Random Fact

The United States poverty rate in 2012 was 15%. It was 12.5% in 2007. In 1959, it was 22.4% (http://www.census.gov/hhes/www/poverty/about/overview/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
Test Your Knowledge!