EV = C + I + O + Ex - Im
--> effective demand = consumtion + investments + government spending + export - import
EV=Y
Simple multiplier = deltaY/deltaAutonomous
1/[1-consumption(1-taxes)-import] --> marginal
Yes, they are letters and formulas.
Yes, they have to do something with Economics (we think).
Yes, the last formula is wrong.
Yes, tomorrow is my mid-term.
Yes, by accident you are the Nobel Prize Winner for Economics.
Yes, you will explain to me everything about the macro- and micro-economy.
Spank you very much !
Tuesday, July 05, 2005
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