ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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15.
a) State carefully the key assumptions underlying the Keynesian model of the
economy.
b) Using the "Keynesian Cross" diagram, show the impact of an exogenous shift in
government spending, in an Keynesian economy and explain how it illustrates the
role of the Keynesian multiplier.
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Transcribed Image Text:15. a) State carefully the key assumptions underlying the Keynesian model of the economy. b) Using the "Keynesian Cross" diagram, show the impact of an exogenous shift in government spending, in an Keynesian economy and explain how it illustrates the role of the Keynesian multiplier.
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