Macroeconomics: Theory and Policy

Figures

1.1 Aggregate Demand and Aggregate Supply

2.1 The Circular Flow of Income in a Two Sector Economy

2.2 Withdrawals and Injections in an Economy

2.3 The Circular Flow of Income in a Three Sector Economy

2.4 The Circular Flow of Income in a Four Sector Economy

4.1 The Short-run Aggregate Production Function

4.2 Aggregate Demand Curve for Labour

4.3 Derivation of the Individual’s Supply Curve of Labour

4.4 The Individual’s Supply Curve of Labour

4.5 The Determination of Employment, Real Wage Rate and Output

5.1 The Non-linear Consumption Function

5.2 The Linear Consumption Function

5.3 The Saving Function

5.4 The Aggregate Demand Function

5.5 Determination of Equilibrium Income or Output in a Two Sector Economy

6.1 Effect of a Change in Investment ...