Aggregate Expenditure and Income

• Aggregate Expenditure and Income
• Planned Expenditures
• The Income-Expenditure Model
• Planned Aggregate Expenditure (trillions of dollars)
• Deriving Equilibrium Income and Output
• The Simple Spending Multipliers
• The Spending Multiplier and the Circular Flow (MPC = .8)
• Aggregate Demand and Changes in the Price Level
• The Aggregate Demand Curve
• Shifts in the Aggregate Demand Curve
• Appendix A--Variable Net Exports
• Appendix B--The Algebra of the Income and Expenditure Model
• Appendix B--Introducing Variable Imports: M = m(Y-NT)

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