Title |
Macro-Equilibrium
|
Author |
Ted Black |
|
Category
|
Macroeconomics and Monetary Economics
|
Type |
Interactive Tutorial |
Description |
Equilibrium in the goods market may be graphically depicted using a simple macro-model of the relationship between income(Y) and aggregate expenditure(AE), where AE appears on the vertical axis and Y is on the horizontal axis. Equilibrium is depicted as the point where aggregate expenditues (AE) equal income (Y) or, where the AE function crosses the 45-degree line. |
URL |
http://nova.umuc.edu/~black/meq00.html |
Home URL |
http://nova.umuc.edu/~black/pageg.html |
