{"id":447,"date":"2015-05-05T03:59:25","date_gmt":"2015-05-05T03:59:25","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/learning-objective-applying-the-aggregate-supplyaggregate-demand-model\/"},"modified":"2023-07-14T19:07:47","modified_gmt":"2023-07-14T19:07:47","slug":"learning-objective-applying-the-aggregate-supplyaggregate-demand-model","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/learning-objective-applying-the-aggregate-supplyaggregate-demand-model\/","title":{"raw":"Outcome: The Expenditure Output Model","rendered":"Outcome: The Expenditure Output Model"},"content":{"raw":"<h2>What you'll learn to do: use the Expenditure Output model to explain periods of recession and expansion<\/h2>\nYou've already learned the basic tenets of Keynesian Economics and understand the aggregate demand\/aggregate supply model. In this outcome, you'll learn about an alternative approach to calculating national income through the Keynesian perspective, known as the Expenditure-Output Model (or Aggregate Expenditure Model).\n<h3>LEARNING ACTIVITIES<\/h3>\nThe learning activities for this section include:\n<ul>\n\t<li class=\"chapter type-1\">Reading:\u00a0The Expenditure-Output Model<\/li>\n\t<li class=\"chapter type-1\">Reading: Using an Algebraic Approach to the Expenditure-Output Model<\/li>\n\t<li class=\"chapter type-1\">Reading: Equilibrium and The Expenditure-Output Model<\/li>\n\t<li class=\"chapter type-1\">Reading: The Multiplier Effect<\/li>\n\t<li class=\"chapter type-1\">Self Check: The Expenditure Output Model<\/li>\n<\/ul>\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you&#8217;ll learn to do: use the Expenditure Output model to explain periods of recession and expansion<\/h2>\n<p>You&#8217;ve already learned the basic tenets of Keynesian Economics and understand the aggregate demand\/aggregate supply model. In this outcome, you&#8217;ll learn about an alternative approach to calculating national income through the Keynesian perspective, known as the Expenditure-Output Model (or Aggregate Expenditure Model).<\/p>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li class=\"chapter type-1\">Reading:\u00a0The Expenditure-Output Model<\/li>\n<li class=\"chapter type-1\">Reading: Using an Algebraic Approach to the Expenditure-Output Model<\/li>\n<li class=\"chapter type-1\">Reading: Equilibrium and The Expenditure-Output Model<\/li>\n<li class=\"chapter type-1\">Reading: The Multiplier Effect<\/li>\n<li class=\"chapter type-1\">Self Check: The Expenditure Output Model<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n","protected":false},"author":32,"menu_order":222,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-447","chapter","type-chapter","status-publish","hentry"],"part":428,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/users\/32"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/447\/revisions"}],"predecessor-version":[{"id":448,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/447\/revisions\/448"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/parts\/428"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/447\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/media?parent=447"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapter-type?post=447"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/contributor?post=447"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/license?post=447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}