Keynesian Economy and Multiplier: Macroeconomics

Learning Objectives

• Two Sector Economy
  • Assumptions
  • Determination of equilibrium level of Income
  • Multiplier
• Three Sector Economy
  
  • Assumptions
  • Determination of equilibrium level of Income
  • Multiplier:
    • Government expenditure multiplier
    • Tax rate multiplier
• Four Sector Economy
  • Assumptions  
  • Determination of equilibrium level of Income
  • Multiplier
    • Import Multiplier
    • Export Multiplier