Random Fact

The Philippines' biggest import partners are the United States (10.8%), Japan (10.8%), China (10.1%), and South Korea (7.3%).

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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