Random Fact

As of July 2013, Indonesia had a population of 251 million people, a labor force of 118 million people, and an unemployment rate of 6.1%. Its 2012 real GDP growth rate was 6.2% (CIA World Fact Book).

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!