《3.宏观经济学课件英文版12.pptVIP

May 19, 2003 73-347 Game Theory--Lecture 1 May 19, 2003 Lecture 1  Chapter 12 Government Expenditure Government Expenditure Up to now, the government had very limited functions in our model. We considered only lump-sum transfers financed by money creation. Now we allow for the government’s purchases of goods and services. Government Expenditure Now we allow for the government’s purchases of goods and services. In the national accounts, these outlays are called government consumption and investment. Government Expenditure We assume in this chapter that these expenditures are financed by