ChlT Aggregate pemandI

.
: IS -

LM Model

( - H ) The Keynesian Cross( 1 ~

18 ) 여태까지 supply만이 national income 결정한다고 해…
실제론demand가 중요하거등?!

v closed
economy model where nationl m( ome is 결정ed by 8 pending plans/ expendituve
planned expenditure ( PE = C(
unplannedmventouyro
GmT + It
v - )

)
) K

차이
IAetual
'

Eapendifune =
4 ( real GDP )

W
Equilibrium Condifion ' Y =
PE
→
changed productioulevels
→ How Invenrovy
changed
-
? ~
; eq 가 아니라면 Unplanned mventory changes → tofal mcomef expenaitune
(

E PE Y
PEEECrT ) + ItG P트 =

α t β ( K -

T]

MPC =
β
1

4 Y

< PEasa functionofincoue ? < Eqconditions

151 ( @
→
( PE 7 Y ) whar PPI woudliketol
1 OO 5@
= BE
wanttol willummspend
" y < auilibrium Income PE Yz 7 ( ucome
onr ~
Eauilibrium > IBEK
R
PEd .
PE
@

물휠
jeconomu producesloo bIP가 ,
producing
,
3 econony 5
( an
0
produce ( OO b 미 pplonlywannaspend
,

wannaspend ( 5 @ d
PEE
inveuloryk f fireworcers productionleveld
-

실제로 -
selling
Inventorydam Ilowerthanplauned 함
actual ②
,

→
요 …

actualIz largerthan planned 오

→ hire &
producemone 4 ,
1
3 3 ' 1
cEu
LS 고
Y
만
→
Ou + pu+ I < Eauilibrinm Income 로 '
결국 Eq Income 으로 수렴
-

( How to change the

Eq 7 →
exogenously 주어진 G T I 바꾸기
, ,

eX ) G M1

PC
- L 0
KoGorouutiplier 7
Y
O
…
만 Government
purchases MuItiplier
=
KMPC

때
.

ㅇ
:
OG
PESS
pEnewsinventoryd T MPC

히
…

1 : Taxmatiplier
PE o :
- → ,
Y 16
1
=

,
: → 둘다 amplificationeffet 때매 기 , buf절댓값기준
…
…
.
. -
"
@ DG 7

랬 C ( Y- T 통해
ta 시는
)

gou purchases maltipliev

.
is ( arger :

tndirectlyeffects
O
3 > ? Y
P 매 P턴
, = k