Chapter_14　Investment Spending多恩布什宏观经济学（教学课件）PPT.pptVIP

Introduction Investment: Links the present to the future Links the goods and money markets Drives much of the business cycle In this chapter we study how investment depends on interest rates and income Figure 14-1 illustrates the volatility of investment by comparing investment and GDP Introduction The theory of investment is the theory of the demand for capital Investment is the flow of spending that adds to the stock of capital Both GDP and investment are flow variables Capital is the dollar value of all the buildings, machines, and inventories at a given point in time ? stock value Investm