Random Fact

It takes a U.S. worker an average of 25.4 minutes to get to work (www.census.gov).

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!