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This Demonstration presents a simple Keynesian macroeconomic expenditure model without financial assets or exchange rates. The table provides equilibrium values of real GDP, personal consumption expenditures, tax revenue, budget surplus, trade surplus, and personal savings. The table shows autonomous spending multipliers (i.e. government spending, autonomous consumption, autonomous investment, and autonomous net exports) as well as the income tax rate multiplier.

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      EUN,LOM,LRE4,work-cmr-id:397481,http://demonstrations.wolfram.com:http://demonstrations.wolfram.com/TheBasicKeynesianExpenditureModel/,ilox,learning resource exchange,LRE metadata application profile,LRE

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      Creative Commons Attribution 3.0

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