Economics Chapter 28: The Aggregate Expenditures Model
860205783 | private closed economy | without international trade or government | |
860205784 | planned investment | the amounts firms intend to invest | |
860205785 | equilibrium GDP | C + I = GDP | |
860205786 | leakge | savings; withdraw of spending from the economy's circular flow of income and expenditures | |
860205787 | injection | investment; a spending to the capital good | |
860715827 | recessionary expenditure gap | the amount by which aggregate expenditures at the full-employment GDP fall short of those required to achieve the full-employment GDP | |
860715828 | inflationary expenditure gap | the amount by which aggregate expenditures at the full-employment GDP exceed those just necessary to to achieve the full-employment GDP | |
860715829 | lump sump tax | a constant tax |