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Cataloged Resource Summary

 

Title

Macro-Equilibrium

Author

Ted Black

Category

Macroeconomics and Monetary Economics

Type

Interactive Tutorial

Description

Equilibrium in the goods market may be graphically depicted using a simple macro-model of the relationship between income(Y) and aggregate expenditure(AE), where AE appears on the vertical axis and Y is on the horizontal axis. Equilibrium is depicted as the point where aggregate expenditues (AE) equal income (Y) or, where the AE function crosses the 45-degree line.

URL

http://nova.umuc.edu/~black/meq00.html

Home URL

http://nova.umuc.edu/~black/pageg.html
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