第十一章经济剖析.pptxVIP

Chapter 11The Income-ExpenditureModel Heading into the global recession in 2007, the Chinese economy was growing at the extraordinary rate of 11 percent per year.;Learning Objectives;Equilibrium Output;Equilibrium Output;Adjusting to Equilibrium Output;Consumer Spending and Income;Consumer Spending and Income;Changes in the Consumption Function;Changes in the Consumption Function;FALLING HOME PRICES, THE WEALTH EFFECT, AND DECREASED CONSUMER SPENDING APPLYING THE CONCEPTS #1: How do changes in the value of homes affect consumer spending?; FIGURE 11.6Equilibrium Output and the Consumption