AP Notes, Outlines, Study Guides, Vocabulary, Practice Exams and more!

Economics Chapter 28: The Aggregate Expenditures Model Flashcards

Economics Chapter 28: The Aggregate Expenditures Model

Terms : Hide Images
860205783private closed economywithout international trade or government
860205784planned investmentthe amounts firms intend to invest
860205785equilibrium GDPC + I = GDP
860205786leakgesavings; withdraw of spending from the economy's circular flow of income and expenditures
860205787injectioninvestment; a spending to the capital good
860715827recessionary expenditure gapthe amount by which aggregate expenditures at the full-employment GDP fall short of those required to achieve the full-employment GDP
860715828inflationary expenditure gapthe amount by which aggregate expenditures at the full-employment GDP exceed those just necessary to to achieve the full-employment GDP
860715829lump sump taxa constant tax

Need Help?

We hope your visit has been a productive one. If you're having any problems, or would like to give some feedback, we'd love to hear from you.

For general help, questions, and suggestions, try our dedicated support forums.

If you need to contact the Course-Notes.Org web experience team, please use our contact form.

Need Notes?

While we strive to provide the most comprehensive notes for as many high school textbooks as possible, there are certainly going to be some that we miss. Drop us a note and let us know which textbooks you need. Be sure to include which edition of the textbook you are using! If we see enough demand, we'll do whatever we can to get those notes up on the site for you!