https://padlet.com/155003534/6k3iuvbipwss Made with a lightning strike of genius en-us 2018-03-12 15:55:06 UTC 2018-03-14 15:26:59 UTC hello@padlet.com 145003500 https://padlet.com/155003534/6k3iuvbipwss/wish/240953382 In a private closed economy, equilibrium is C + Ig = GDP (C+S=GDP)
Employment at that level is the equilibrium employment at that GDP value.]]> 2018-03-12 15:59:51 UTC https://padlet.com/155003534/6k3iuvbipwss/wish/240953382 155003534 https://padlet.com/155003534/6k3iuvbipwss/wish/240954823 Shows the amount of investment forthcoming at each level of GDP ]]> 2018-03-12 16:01:47 UTC https://padlet.com/155003534/6k3iuvbipwss/wish/240954823 149003351 https://padlet.com/155003534/6k3iuvbipwss/wish/240955028 The amount of savings that a business intends to invest]]> 2018-03-12 16:02:05 UTC https://padlet.com/155003534/6k3iuvbipwss/wish/240955028 155003534 https://padlet.com/155003534/6k3iuvbipwss/wish/240956312 This schedule shows the amount of (C+Ig) that will be spent at each possible output or income level]]> 2018-03-12 16:03:47 UTC https://padlet.com/155003534/6k3iuvbipwss/wish/240956312 143000449 https://padlet.com/155003534/6k3iuvbipwss/wish/240957038 Equilibrium gdp is the only thing that can be sustained. Everything outside of that causes a cyclical effect on GDP: when less than equilibrium, spending exceeds GDP. When greater than equilibrium, spending is under GDP.]]> 2018-03-12 16:04:57 UTC https://padlet.com/155003534/6k3iuvbipwss/wish/240957038 155003534 https://padlet.com/155003534/6k3iuvbipwss/wish/240959604 Savings is a leakage or withdraw of spending from the economies circular flow of income. Investments are therefore injections in the economy. Investment is a potential replacement for leakage of saving. ]]> 2018-03-12 16:08:30 UTC https://padlet.com/155003534/6k3iuvbipwss/wish/240959604 155003534 https://padlet.com/155003534/6k3iuvbipwss/wish/240962092 = Changes in real GDP/initial change in spending 
or 
1/MPS]]> 2018-03-12 16:11:59 UTC https://padlet.com/155003534/6k3iuvbipwss/wish/240962092 155003534 https://padlet.com/155003534/6k3iuvbipwss/wish/240963732 An initial change in investment spending can cause a magnified change in domestic output and income .]]> 2018-03-12 16:14:25 UTC https://padlet.com/155003534/6k3iuvbipwss/wish/240963732 149003351 https://padlet.com/155003534/6k3iuvbipwss/wish/240964386 C + Ig + Xn
(Consumption+ Investment+ Net Exports)

When an economy is open to international trade, part of its income will be spent on imports]]> 2018-03-12 16:15:25 UTC https://padlet.com/155003534/6k3iuvbipwss/wish/240964386 155003534 https://padlet.com/155003534/6k3iuvbipwss/wish/241931750 Exports- Imports
Net Exports can be either positive or negative and directly effect aggregate expenditure]]> 2018-03-14 15:14:56 UTC https://padlet.com/155003534/6k3iuvbipwss/wish/241931750 155003534 https://padlet.com/155003534/6k3iuvbipwss/wish/241933119 Prosperity abroad- Enables the US to sell more exported goods, thus raising GDP 
Exchange Rates- Depreciation of the dollar causes other countries to buy more of our exported goods, thus raising GDP. 
Tariffs- Tariffs on goods increase GDP but also hurt other country's economies.

]]> 2018-03-14 15:17:09 UTC https://padlet.com/155003534/6k3iuvbipwss/wish/241933119 145003500 https://padlet.com/155003534/6k3iuvbipwss/wish/241933362 Being at full-employment but not producing enough to reach potential at full-employment. 
The gap is the difference between the two and if you multiply the gap by the multiplier, you get the loss on GDP caused by the gap.

Fix it by raising GDP through lowering taxes by whatever REG/MPC equals.
Or by increasing government spending by the REG amount.]]> 2018-03-14 15:17:33 UTC https://padlet.com/155003534/6k3iuvbipwss/wish/241933362 155003534 https://padlet.com/155003534/6k3iuvbipwss/wish/241936225 A tax at a constant amount, a tax yielding the same amount of tax revenue at each level of GDP]]> 2018-03-14 15:22:03 UTC https://padlet.com/155003534/6k3iuvbipwss/wish/241936225