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Aggregate Expenditures Model - Coggle Diagram
Aggregate Expenditures Model
John Maynard Keynes
Total output
Employment
Unplanned inventory levels
Equilibrium GDP
Y equals C plus I
Saving equals planned investment
No unplanned changes in inventory
Private closed economy
Consumption
Households
Firms
Gross investment
Investment demand curve
investment schedule
Change in GDP
GDP equals C plus I plus G
Injection leakage approach
Multiplier
Equilibrium and full employment GDP
Recessionary expenditure gap
inflationary expenditure gap