se ptcteineabats cd tat Bresso
: 4 a,
to uneura durtne a A_ptriod gf fim
— AD ina Hews xofipt as it is _ayenuny May a sLfen.
Ahe peri id Pas AACLeunting Yeon
; i cia -conaithients of Ag gaugate
Demand z
| ee
) Private Taxestm ent Grovemnmeat Nek €xpesds
)— Connie foenditun Expendibur (Evpods- Leapesds
Srpeneitune (CD (eve fa) (x=) ¢ y a ‘
Th tefena tn the total -expendituss Jotumed by the
Gpomtinment on loomuenengeada and Capital gecds to |
Aatllly. the Crmmen needs ofthe ee. caer 8
Feel Srvclir cl
; in 4 —ttekens to.
ee
pinal joes oad dervites tat all the Aisoc
Auitling te upfol
tae arenes Vall of
Bik
la _gecnemy, pa OQ gave, hak
ry, a
2ahiay
[nceme A. Apeat on the
ga. ad Atinias and the halonce je
Tt means income is _eithon Aonrumed sc Aoved,
th !
rice h
nim aY) =fannumyption (c) + Saving (5)
FAs LG. is hase Moar
L- by hen te in Ata:
© Ap tumer preocaits fot ee dual
é
a
[ eutpud at which goods prarkel and
[re Aimustinasecnly io epillhrinen . the polite &
Cree depends Uupen tho mendaty and Fiscal policy and fa
.
1
=
AD
the Ley Cendupurs Confidtace . The inten bech'or
Ane AC ltten miner the gutput A pice Ly
Hote rer, tuchen
fiw Aleat_to_sinine puis ond the As Cuan begi eae. f |
ALpausiarlls Date sian
tig
os
Run, Bttput ir BE “ppegale
lnc pices One cdelenmined _ Sh
Aap
wey high cnflation Hotes Le, chiiedes 1 Laith, shi. Jn the
—lecel ane always
Md tue fo “Aten ta Jeng grate
itbit iy delenit Ly a
taygale
aad prices ane te sey ac TT aia
930% Sd ane _
at —Incemne
ee i a
tA CLEP Aur 4 Se ae wibiestas al garter
nl net gpa = AAler ¥
We Clamicala abe ol says seu ght ; ital a
ape sage and pice _Mareihitite?
He Ls A tafe
ah dace «° Feb —accound ta then ee
——_ oe ae. 4. ly 69 the 4 uth 4 Atetk of, 4
b Bd L eh ‘good
t
fe ae sth io Hlaie_ee heat
Cat nay. Li hteld ae Cte lena
aa ne and.._th ca tae
ae f L
Can be eplained
a L, E determination o lademe Grd |
Lanployaatat- zs zs : @
Bo Adan; tte dlnaal tnayy—agaildeg ati
ee?
coma da 04 Sand Speedudt mankeh
» Liuma vy Complege la tin untill th ¢ toangjoal ppheditel —
~Of Labsur ‘
thal tn the neat usage Hale
f Mey Me, = Neminal mage Rate
- a Price _tevel
Lee An bein —Ly punch af ae abe. IL. Arthatitution the i =a
1 de _stine!
Fowl “Tncome tect t= (uhich, Aays thot ther? ladividuals .
or 7, u r
‘ bectnt ilk Tatse ts —inctsask jn dercsgicn
-. ale madities inch ag Leiune ond trial wok decreare
b Charaical belted — a Taceme ef-peet-. <
FT kan that tudien Hon, wha, Lak Auage nak
‘ Pare Lahey be Acipfol i and
Mee *
NE = 9/w) 4} =
aU p, magnit tude 4 Aan.
z sally sie tit ae
Léalrn tits neal am
-lecont lly Maney —? The diseabts
an endy 7 porches of final pela and Athvites i
=n af en yea ian clarical heer, Veledidy Ja anasntel te be
Cmatant , ia u
: H i fa a hinwel ionflusnce tr tre pate leek, —
ai oe f ve atest hang, )
Ph . v . . .
a Ait tinct
) —Inplad ie
placer in inLiom, Jelecity <= Jnireanein_Y (etutput)
fy = neminal mae (ape
MeL P
aa z Speed
een ah
5) Qt marke ‘ ¢ in_th
pt f pond Atauites pen dauced
é é
2 =
GEE! Ce fx) = (n= Cree netdnx nevenucs ive |
- als dow _Hextaue = dementic
Gta he ate tyan Sm eee <
T. met sotenent pas
Chunines ato aa
Qnd AAet bridles, fy
pensonal paing )
fri
—Saxin4 initatment balance
t
At (i= at:
New
ipeeeclucHlernt petro ide
this equation evpHen ing = tins timint halance
Adi tabi tape el wtbut that daean't gee
Oijpenditune . thie on ithe Intome
x
Conaum
de Phtne jn Hie oN
fe (To ) Hex is total
Pex
the totel puvatt Aauinss =n) 9 E
Aisi plus 06 9ortuamoent Ag the Aur, i
3 turn 0h pivale Adving,
And —g.crdizamaent pan Ph £ pene aoe oe
ee eral i em.d e 2
Planned’ and Retained Investment
Sie. Sy Ainw ee =
—audoremetis _inacatment (T) ia the investatnt that ts a pan
Yio deena —plen and uniniendod jnrtntment that ts
es oe sa imcntonies (Ainv) tha
becaunt of unexpected Changt, in drs ttvel of A Lun joi en
__dimend « the final sales
_tntended | Autnemeus invtatment neluidec Aeme plamed améund
of —Anventony Jaccoasula ie in_@ je enimdy dented
7 a
4, a
~ nee fn sutoiild amet py SAS pss
final ales hs
otal taviahment yi fn
—Luhith. ao_b
fee CTP Any (nt NX = Cn? = Oo
bepscitiny—enditcn for Gade
L this identitt
ae balance 01 the dnc0ome. a
Been
r= ty) toot a function}
L Fan stad wu
C= Ercy = C(y-t{y))
Sy) = s/y-iy))
: ever |
fi = yey) '
fb Tae in a_punctt z letunty | fox t the alepe 4th
k sa action. Pie Lh, 4¢_in Hevraue Lutth @ |
sauifSe4
Dansimafehtan 1294_bot, ee,
Se a
' fueiond ane + x
Ve = Crs
—_Maneinal Probenstthy ta Connume = Ac a
: (ee) ol ar
Marginal lmkcnnity ta Save AL i
Spexak a y Frotal income)
rang = SVEW)
TA ee THON)
A Vite presi RN
SLESEAE®, Ly)
qVi¢qnhd@ediae
—fatstases—aleng— the _howizental_anin ach
= ccuing Aho t,C,S athe wider Jha
BM ene: Gin
will moran t cs 2
~» aa T+ ginv ttn =S
tf tinea ia at eapwlibiutim te
“Es )
pat ts sal) eae
GA txptcted thea ny = and _egsscahion pscernca
Ter = set ae a =
- ets = sly ty) + t/y=t{yy) a
isis eguididuiue Lendition fer incense ¥. lider Las Ly
E the level wh Moving + tart severuue { GA @ function of —
p _ineme = planned invtatment + eveunment avings then
expected Jnveatmant sil coke, Salle aia
talised and tiene ds me _demdency fas _inteome A Qulfut dn chatige.
at
falidte basing tT to Tily and Aine thange in jax Loin)
__jould bP gust th 2p
ae Seek E ——tateracti— the final Laceme by many tims |
8 Hell A fot en tt: Aelalinnship botive
an_tnittal
Atkiement ja Investment and the Her. inscpane tA
a4
z a. Cs ue d 4
ae. kK) is the vation ee incntase in mnotenet
Laceme | ) due tp an ine in_tnvtatment Az) &
ke AY
(3s
He there exists on dinect seclttionndifs bet, ia. the fa
Lote of —aaltiplien
«
Jn Aan a ges fade pee fal: ill _
Sint i, uchine AD SY tious fosinty a ‘
——ond_oggriqate demand ane eyal. At point £° the —
p__Conmeesfaniics quid bibniuen leads =f intwee ond»
fd tqpials ae
AG Any iniemt level belole ¥,_fé find dot dtmand @ xe:
pouliput ond insenteries decline ond Hensler Hasme te
|__ prediction
e
—Comrtiael— fan output lacs above
y— Pullin s up—and tHuriiore d ned p>
they tree tranadens Ao ey
= y—h4ae® JT ate
in YAput de this mertel ox inteme team
yp bageret wot. token. outonemeus iti
Lb tenaids pf interme + tronafern — tants
P_Fiscal policy in the Ae esti
pt ltl astm urthaats Joxel
stot Apruckose opie thipninennentl
= Date .....---008.
* \
Change din Qutmaomous emond . The beat tensor uid? ¢
Beer ak ! 4
Di Gre Nee a owen, OE ptadias funckion
Libs ole of! inknest ond teelpictent 5 mean s
Mespenalverntys cf arextrnunt | Sjaendiin a — dn dntenent (trot 1 tag
—bentwinga to hui toventment | SLalrtoe aie
i 5
—ettheom 5 in, ri
he tadipindent_of hath Jacanne ond vale pf indgnest 4
Byes tei ie ae ‘ ;
hights the planned jnrertertat And. if bts longo Shen 4
@ Siclabive small iaceanc in jhe alenar’ xaleseqeuabes a
ane on_h : 4
Ox a
so F '
; Date wating ee
F te TS neo
; A A rbty nel
lichen i) Ap moves | _——— A —_—_4
Upwainds aod yt 8 : ‘
| mao Deriving 1S Gune
nee a ‘
to 4
me | 4
es I
—— 4
en
Perna TE ScCusiea *
a =
fl I .
| Lely *
A -«
Athi. ves Lia paint on the +6 Conve thot us @ embinahtian
of intenest +1 ies Jntome hich ace Ha. Geils «
market mAddin a 4, 7 inte, Aate a
uch, Jeads to lavtshnint! Abénding Uchich sbaplies
puted ht in tht__ag gacg ale demobd Cunve ahp os &
unre fs olan alle LORS ankel toytli datum ‘
O
ads upon hous.
Atapitire the Inventment pin din 4s Changes jn the
—dnttnart nate ond Fhe value 0 DPrulliplith , TF §
Lavtabnint —4 jn. OFA Atnsihve fo the interest GLE Aydich, —«
Ltneam hb by lana thin a change in the i Cinkereart nase)
- Ea A Auuge change in the s
Longe change in the AD bueduces af 39 sin the
ae eel of the_Jacmme . pence tae L s
fonstinctly “Tf hin amall nad fuaptnodt / &
s iin dhe_Anleartnt alt. the Tp unve ay
4 «
deo, 8
$e. hall ates - ts epee the 19 fume Spe Ts lune, derhen the
gs Onde ancltiplit:
_ the LS lave
We inctaae Wi
aH Aleeplr
l
seed
hak
= lee DO Mh ce. Bi is the Achitrans point pore
——n_the initial IS Cunt » en Inuirare fn
Abi. the 1S Cine do tho 3
lig.
cal pelitg can affected 4
the ulti lien affubed
kamallexthe meiltiplien Ge
ep of fre - TS lune
tthe mie
tt
Hight, thi Change in m2
ag tl change in automemeus —fatnding do tguak t
a Boas
—thi_chenge
Jn Aluémemieiis Apéndin
Atpe of
the ton date ond
A high ex jaz
Qudmometts _~htndin
= n=
Hi
———
Hh —anightnerd ¢_{eftosand shifts
AY = fe sA <> shit in To Conve
Shezal Date .ccccsegarn
‘um___Comhbines wintenerxt states and 4
MD) 4
mo Adi pjaliy . (mc) Z
fos Yi Qiitivess ¢ tivo Abtfa $= 4
ty fit wwe explain shy manty demand deptads on Inlensat
nate. and int “emphasize, peclle Cane about !
t
£05 — elation 47 / \ Fe ves pamhonetdla
neo mae
Sy=hi= M— meney demand
P— price tevel
Bore fox enone ee aden a Lor Neal money balance:
—puschantng” seeds ae eulcta, Highin the puice® level mee g
the nentinal balance tao petren har to fol
—pedact. Remond fa “eit odin diane a
__ Heal intame 2. —tolental—nolts. the dees and for haaney 9
BEL
—dépinds on Ane Cort of hold ot -booncy ,Uthich i, the inlenest
cae by talaga ay —Htn _other_ainchs ._Highen te __@
oa ote the moxt_fodly tt is do hotel manny. \
| Sperak i “ZF nominal demand | marty = Clery
[ oraee of tach Jeoda 72 #s. neal demand | money =, Gao
mits,
ve Heol balances = steal | x Price henel yaa :
J Mendes 4 a7 i Va CO
Gudmemetio. —— F ut
Pasion _Hae__prtcicr o
Daeermecm Coston? Fo cota = eee
Diem 0h it Carts the
oe _Aalances Aas _inlenpap
pttale sa the demand fut tal palatis Ahifs A ig
Phe olevcat ate Da ti te malntain the @.
eee ‘ai ipo teehee ee
Bre Mecca’ ox ee apnakeed Schedule Abba all
inttntat hat and. levels of icarne sich Heat |
> : ee ei ns eg toils.
ea %
!
a?
at the Same tnlenrd
c yPhetattasecticn of as 4M = (uve
eletenmiqqes the Combination ef,
) steal freee and veal jntereat nate that fas consist toi
of—tatemt andthe —placncd fj. eaditune (1S)
Gnd the 1 Disbestes onl money mnasicet
| fen equilthnines Intense ale aod inteme levela ove to ee
Acuth thet bot, the seeds and monty mankef oe in
Pichia this (malin i, _agiified oh £2 hea
p—sotetest note Jia is othe éqmilixiuin, hovel th jncemé ia Ye at —
; cede —martket teen cy Ix
€ Me ro
Ne changes dn! nist coarnin tectabretad Std is ete
Min ALE AE AT A eal of —tqusiltloces .
Ine(1-€) “trim 6, m2, tnlentak eile an
fam te tt, dad ¢quillbriung tacoma fallen ad
Bie ne, tn _tailibhium means Asst ta Jtoa than
Alhift ia the IS Cunt Bilas
Reason i- The —fncueare fa auctioneer mee!
dhond tn _inoutrase the level of income hut fo dachee
ee tu ei
Aiebty fi d. ee nate tinea due tn Incheane in
claman at ak _mCreane _dowshn ent
yeh
pg nant do ly wclattd dm intencAL __
The Ad Achidule an fate
}——etactorern. fatacing a : Lat iy Aifepoly
b tant and alleausy ures to vari
IA bighen —peure tb 0 tBlvea itl eetge
Apply the M= (ue a ° An
i cpppre the =prite tectl tis fo, Heal money Aaifopal
ich dibtronines the —.peribion of the Let SE
L the Jintersect of the 1am “
ADE Loc ponding +o psi Levtl ts,
th
he Jt 