Income expenditure: Keynesian cross and IS-LM model

This is a sub-topic located under economics.

• Marginal Propensity to consume (mpc)
  • MPC and multiplier
    • People have an mpc to spend 60% of unexpected income
  • Mathy version of MPC and multiplier (optional)
    • Sal covers the MPC again but more math heavy
• Consumption function

  

  • Consumption function basics
  • Generalized linear consumption function
  • consumption function with income independent taxes
• Keynesian cross
• IS-LM model

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