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  2. Keynesian cross - Wikipedia

    en.wikipedia.org/wiki/Keynesian_cross

    The 45-degree line represents an aggregate supply curve which embodies the idea that, as long as the economy is operating at less than full employment, anything demanded will be supplied. Aggregate expenditure and aggregate income are measured by dividing the money value of all goods produced in the economy in a given year by a price index.

  3. Circular flow of income - Wikipedia

    en.wikipedia.org/wiki/Circular_flow_of_income

    Quesnay believed that trade and industry were not sources of wealth, and instead in his 1758 book Tableau économique (Economic Table) argued that agricultural surpluses, by flowing through the economy in the form of rent, wages, and purchases were the real economic movers, for two reasons.

  4. The General Theory of Employment, Interest and Money

    en.wikipedia.org/wiki/The_General_Theory_of...

    The aggregate supply Z is the total value of output when N workers are employed, written functionally as φ(N). The aggregate demand D is manufacturers' expected proceeds, written as f(N). In equilibrium Z=D. D can be decomposed as D 1 +D 2 where D 1 is the propensity to consume, which may be written C(Y) or χ(N).

  5. Keynesian economics - Wikipedia

    en.wikipedia.org/wiki/Keynesian_economics

    This is the same as the formula for Kahn's multiplier in a closed economy assuming that all saving (including the purchase of durable goods), and not just hoarding, constitutes leakage. Keynes gave his formula almost the status of a definition (it is put forward in advance of any explanation [72]). His multiplier is indeed the value of "the ...

  6. Aggregate income - Wikipedia

    en.wikipedia.org/wiki/Aggregate_income

    Aggregate income [1] [2] [3] is the total of all incomes in an economy without adjustments for inflation, taxation, or types of double counting. [4] Aggregate income is a form of GDP that is equal to Consumption expenditure plus net profits. 'Aggregate income' in economics is a broad conceptual term.

  7. IS–LM model - Wikipedia

    en.wikipedia.org/wiki/IS–LM_model

    The IS–LM model shows the relationship between interest rates and output in the short run in a closed economy. The intersection of the " investment – saving " (IS) and " liquidity preference – money supply " (LM) curves illustrates a " general equilibrium " where supposed simultaneous equilibria occur in both the goods and the money markets.

  8. Nussmeier overcomes a shoulder injury and passes for 3 TDs as ...

    www.aol.com/nussmeier-overcomes-shoulder-injury...

    Garrett Nussmeier passed for 277 yards and three touchdowns, including a pair of 40-plus-yard scoring strikes to Chris Hilton after being treated for a throwing shoulder injury, and LSU defeated ...

  9. Aggregate demand - Wikipedia

    en.wikipedia.org/wiki/Aggregate_demand

    An increase in government expenditures or decrease in taxes, therefore leads to an increase in GDP as government expenditures are a component of aggregate demand. net exports ( N X {\displaystyle NX} and sometimes ( X − M {\displaystyle X-M} )), net demand by the rest of the world for the country's output.