Nobel-winning Keynesian economist Paul Samuelson taught in his influential textbook that when a family gets an extra $1000 in income this year, this causes them to spend (on average) an extra $ on consumer goods that same year.

Nobel-winning Keynesian economist Paul Samuelson taught in his influential textbook that when a family gets an extra $1000 in income this year, this causes them to spend (on average) an extra $ on consumer goods that same year.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter10: Kenesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy

Section10.3: The Simple Keynesian Model In The Ad-as Framework

Problem 1ST

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Nobel-winning Keynesian economist
spend (on average) an extra $
Paul Samuelson taught in his influential textbook that when a family gets an extra $1000 in income this year, this causes them to
on consumer goods that same year.

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