Macroeconomics
VerifiedAdded on 2023/06/04
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AI Summary
This article discusses the concepts of autonomous consumption, marginal propensity to consume, autonomous taxation, planned investment, government spending, autonomous net exports, and more in Macroeconomics. It also explains the impact of expansionary fiscal policy on AD-AS curve, Phillips Curve, and IS-LM curve. The article concludes by discussing the effectiveness of expansionary fiscal policy over monetary policy.
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