se ptcteineabats cd tat Bresso : 4 a, to uneura durtne a A_ptriod gf fim — AD ina Hews xofipt as it is _ayenuny May a sLfen. Ahe peri id Pas AACLeunting Yeon ; i cia -conaithients of Ag gaugate Demand z | ee ) Private Taxestm ent Grovemnmeat Nek €xpesds )— Connie foenditun Expendibur (Evpods- Leapesds Srpeneitune (CD (eve fa) (x=)¢ y a ‘ Th tefena tn the total -expendituss Jotumed by the Gpomtinment on loomuenengeada and Capital gecds to | Aatllly. the Crmmen needs ofthe ee. caer 8 Feel Srvclir cl ; in 4—ttekens to. ee pinal joes oad dervites tat all the Aisoc Auitling te upfol tae arenes Vall of Bik la _gecnemy, pa OQ gave, hak ry, a 2ahiay [nceme A. Apeat on the ga. ad Atinias and the halonce je Tt means income is _eithon Aonrumed sc Aoved, th ! rice h nim aY) =fannumyption (c) + Saving (5) FAsLG. is hase Moar L- by hen te in Ata: © Ap tumer preocaits fot ee dual é a [ eutpud at which goods prarkel and [re Aimustinasecnly io epillhrinen . the polite & Cree depends Uupen tho mendaty and Fiscal policy and fa . 1 = AD the Ley Cendupurs Confidtace . The inten bech'or Ane AC ltten miner the gutput A pice Ly Hote rer, tuchen fiw Aleat_to_sinine puis ond the As Cuan begi eae. f | ALpausiarllsDate sian tig os Run, Bttput ir BE “ppegale lnc pices One cdelenmined _ Sh Aap wey high cnflation Hotes Le, chiiedes 1 Laith, shi. Jn the —lecel ane always Md tue fo “Aten ta Jeng grate itbit iy delenit Ly a taygale aad prices ane te sey ac TT aia 930% Sd ane _ at —Incemne ee i a tA CLEP Aur 4 Se ae wibiestas al garter nl net gpa = AAler ¥ We Clamicala abe ol says seu ght ; ital a ape sage and pice _Mareihitite? He Ls A tafe ah dace «° Feb —accound ta then ee ——_ oeae. 4. ly 69 the 4 uth 4 Atetk of, 4 b Bd L eh ‘good t fe ae sth io Hlaie_ee heat Cat nay. Li hteld ae Cte lena aa ne and.._th ca tae ae f L Can be eplained a L, E determination o lademe Grd | Lanployaatat- zs zs : @ Bo Adan; tte dlnaal tnayy—agaildeg ati ee? coma da04 Sand Speedudt mankeh » Liuma vy Complege la tin untill th ¢ toangjoal ppheditel — ~Of Labsur ‘ thal tn the neat usage Hale f Mey Me, = Neminal mage Rate - a Price _tevel Lee An bein —Ly punch af ae abe.IL. Arthatitution the i =a 1 de _stine! Fowl “Tncome tect t= (uhich, Aays thot ther? ladividuals . or 7, u r ‘ bectnt ilk Tatse ts —inctsask jn dercsgicn -. ale madities inch ag Leiune ond trial wok decreare b Charaical belted — a Taceme ef-peet-. < FT kan that tudien Hon, wha, Lak Auage nak ‘ Pare Lahey be Acipfol i and Mee * NE = 9/w) 4} = aU p,magnit tude 4 Aan. z sally sie tit ae Léalrn tits neal am -lecont lly Maney —? The diseabts an endy 7 porches of final pela and Athvites i =n af en yea ian clarical heer, Veledidy Ja anasntel te be Cmatant , ia u : H i fa a hinwel ionflusnce tr tre pate leek, — ai oe f ve atest hang, ) Ph . v . . . a Ait tinct ) —Inplad ie placer in inLiom, Jelecity <= Jnireanein_Y (etutput) fy = neminal mae (ape MeL P aa z Speed een ah 5)Qt marke ‘ ¢ in_th pt f pond Atauites pen dauced é é 2 = GEE! Ce fx) = (n= Cree netdnx nevenucs ive | - als dow _Hextaue = dementic Gta he ate tyan Sm eee < T. met sotenent pas Chunines ato aa Qnd AAet bridles, fy pensonal paing ) fri —Saxin4 initatment balance t At (i= at: New ipeeeclucHlernt petro ide this equation evpHen ing = tins timint halance Adi tabi tape el wtbut that daean't gee Oijpenditune . thie on ithe Intome x Conaum de Phtne jn Hie oN fe (To )Hex is total Pex the totel puvatt Aauinss =n) 9 E Aisi plus 06 9ortuamoent Ag the Aur, i 3 turn 0h pivale Adving, And —g.crdizamaent pan Ph £ pene aoe oe ee eral i em.d e 2 Planned’ and Retained Investment Sie. Sy Ainw ee = —audoremetis _inacatment (T) ia the investatnt that ts a pan Yio deena —plen and uniniendod jnrtntment that ts es oe sa imcntonies (Ainv) tha becaunt of unexpected Changt, in drs ttvel of A Lun joi en __dimend « the final sales _tntended | Autnemeus invtatment neluidec Aeme plamed améund of —Anventony Jaccoasula ie in_@ je enimdy dented 7 a 4, a ~ nee fn sutoiild amet py SAS pss final ales hs otal taviahment yi fn —Luhith. ao_b fee CTP Any (nt NX = Cn? = Oo bepscitiny—enditcn forGade L this identitt ae balance 01 the dnc0ome. a Been r= ty) toot a function} L Fan stad wu C= Ercy = C(y-t{y)) Sy) = s/y-iy)) : ever | fi = yey) ' fb Tae in a_punctt z letunty | fox t the alepe 4th k sa action. Pie Lh, 4¢_in Hevraue Lutth @ | sauifSe4 Dansimafehtan 1294_bot, ee, Se a ' fueiond ane + x Ve = Crs —_Maneinal Probenstthy ta Connume = Ac a : (ee) ol ar Marginal lmkcnnity ta Save AL i Spexak ay Frotal income) rang = SVEW) TA ee THON) A Vite presi RN SLESEAE®, Ly) qVi¢qnhd@ediae —fatstases—aleng— the _howizental_anin ach = ccuing Aho t,C,S athe wider Jha BM ene: Gin will moran t cs 2 ~» aa T+ ginv ttn =S tf tinea ia at eapwlibiutim te “Es ) pat ts sal) eae GA txptcted thea ny = and _egsscahion pscernca Ter = set ae a = - ets = sly ty) + t/y=t{yy) a isis eguididuiue Lendition fer incense ¥. lider Las Ly E the level wh Moving + tart severuue { GA @ function of — p _ineme = planned invtatment + eveunment avings then expected Jnveatmant sil coke, Salle aia talised and tiene ds me _demdency fas _inteome A Qulfut dn chatige. at falidte basing tT to Tily and Aine thange in jax Loin) __jould bP gust th 2p ae SeekE ——tateracti— the final Laceme by many tims | 8 Hell A fot en tt: Aelalinnship botive an_tnittal Atkiement ja Investment and the Her. inscpane tA a4 z a. Cs ue d 4 ae. kK) is the vation ee incntase in mnotenet Laceme | ) due tp an ine in_tnvtatment Az) & ke AY (3s He there exists on dinect seclttionndifs bet, ia. the fa Lote of —aaltiplien « Jn Aan a ges fade pee fal: ill _Sint i, uchine AD SY tious fosinty a ‘ ——ond_oggriqate demand ane eyal. At point £° the — p__Conmeesfaniics quid bibniuen leads =f intwee ond» fd tqpials ae AG Any iniemt level belole ¥,_fé find dot dtmand @ xe: pouliput ond insenteries decline ond Hensler Hasme te |__ prediction e —Comrtiael— fan output lacs above y— Pullin s up—and tHuriiore d ned p> they tree tranadens Ao ey = y—h4ae® JT ate in YAput de this mertel ox inteme team yp bageret wot. token. outonemeus iti Lb tenaids pf interme + tronafern — tants P_Fiscal policy in the Ae esti pt ltl astm urthaats Joxel stot Apruckose opie thipninennentl =Date .....---008. * \ Change din Qutmaomous emond . The beat tensor uid? ¢ Beer ak ! 4 Di Gre Nee a owen, OE ptadias funckion Libs ole of! inknest ond teelpictent 5 mean s Mespenalverntys cf arextrnunt | Sjaendiin a — dn dntenent (trot 1 tag —bentwinga to hui toventment | SLalrtoe aie i 5 —ettheom 5 in, ri he tadipindent_of hath Jacanne ond vale pf indgnest 4 Byes tei ie ae ‘ ; hights the planned jnrertertat And. if bts longo Shen 4 @ Siclabive small iaceanc in jhe alenar’ xaleseqeuabes a ane on_h: 4 Ox a so F ' ; Date wating ee F te TS neo ; A A rbty nel lichen i) Ap moves | _——— A —_—_4 Upwainds aod yt 8 : ‘ | mao Deriving 1S Gune nee a ‘ to 4 me | 4 es I —— 4 en Perna TE ScCusiea * a = fl I . | Lely * A -« Athi. ves Lia paint on the +6 Conve thot us @ embinahtian of intenest +1 ies Jntome hich ace Ha. Geils « market mAddin a 4, 7 inte, Aate a uch, Jeads to lavtshnint! Abénding Uchich sbaplies puted ht in tht__ag gacg ale demobd Cunve ahp os & unre fs olan alle LORS ankel toytli datum ‘ O ads upon hous. Atapitire the Inventment pin din 4s Changes jn the —dnttnart nate ond Fhe value 0 DPrulliplith , TF § Lavtabnint —4 jn. OFA Atnsihve fo the interest GLE Aydich, —« Ltneam hb by lana thin a change in the i Cinkereart nase) - Ea A Auuge change in the s Longe change in the AD bueduces af 39 sin the ae eel of the_Jacmme . pence tae L s fonstinctly “Tf hin amall nad fuaptnodt / & s iin dhe_Anleartnt alt. the Tp unve ay 4 « deo, 8 $e. hall ates -ts epee the 19 fume Spe Ts lune, derhen the gs Onde ancltiplit: _ the LS lave We inctaae Wi aH Aleeplr l seed hak = lee DO Mh ce. Bi is the Achitrans point pore ——n_the initial IS Cunt » en Inuirare fn Abi. the 1S Cine do tho 3 lig. cal pelitg can affected 4 the ulti lien affubed kamallexthe meiltiplien Ge ep of fre - TS lune tthe mie tt Hight, thi Change in m2 ag tl change in automemeus —fatnding do tguak t a Boas —thi_chenge Jn Aluémemieiis Apéndin Atpe of the ton date ond A high ex jaz Qudmometts _~htndin = n= Hi ——— Hh —anightnerd ¢_{eftosand shifts AY = fe sA <> shit in To Conve ShezalDate .ccccsegarn ‘um___Comhbines wintenerxt states and 4 MD) 4 mo Adi pjaliy . (mc) Z fos Yi Qiitivess ¢ tivo Abtfa $= 4 ty fit wwe explain shy manty demand deptads on Inlensat nate. and int “emphasize, peclle Cane about ! t £05 — elation 47 / \ Fe ves pamhonetdla neo mae Sy=hi= M— meney demand P— price tevel Bore fox enone ee aden a Lor Neal money balance: —puschantng” seeds ae eulcta, Highin the puice® level mee g the nentinal balance tao petren har to fol —pedact. Remond fa “eit odin diane a __ Heal intame 2. —tolental—nolts. the dees and for haaney 9 BEL —dépinds on Ane Cort of hold ot -booncy ,Uthich i, the inlenest cae by talaga ay —Htn _other_ainchs ._Highen te __@ oa ote the moxt_fodly tt is do hotel manny. \ | Sperak i“ZF nominal demand | marty = Clery [ oraee of tach Jeoda 72 #s. neal demand | money =, Gao mits, ve Heol balances = steal | x Price henel yaa : J Mendes 4 a7 i Va CO Gudmemetio. —— F ut Pasion _Hae__prtcicr o Daeermecm Coston? Fo cota = eee Diem 0h it Carts the oe _Aalances Aas _inlenpap pttale sa the demand fut tal palatis Ahifs A ig Phe olevcat ate Da ti te malntain the @. eee ‘ai ipo teehee ee Bre Mecca’ ox ee apnakeed Schedule Abba all inttntat hat and. levels of icarne sich Heat | > : ee ei ns eg toils. ea % ! a? at the Same tnlenrd cyPhetattasecticn of as 4M = (uve eletenmiqqes the Combination ef, ) steal freee and veal jntereat nate that fas consist toi of—tatemt andthe —placncd fj. eaditune (1S) Gnd the 1 Disbestes onl money mnasicet | fen equilthnines Intense ale aod inteme levela ove to ee Acuth thet bot, the seeds and monty mankef oe in Pichia this (malin i, _agiified oh £2 hea p—sotetest note Jia is othe éqmilixiuin, hovel th jncemé ia Ye at — ; cede —martket teen cy Ix € Mero Ne changes dn! nist coarnin tectabretad Std is ete Min ALE AE AT A eal of —tqusiltloces . Ine(1-€) “trim 6, m2, tnlentak eile an fam te tt, dad ¢quillbriung tacoma fallen ad Bie ne, tn _tailibhium means Asst ta Jtoa than Alhift ia the IS Cunt Bilas Reason i- The —fncueare fa auctioneer mee! dhond tn _inoutrase the level of income hut fo dachee ee tu ei Aiebty fi d. ee nate tinea due tn Incheane in claman at ak _mCreane _dowshn ent yeh pg nant do ly wclattd dm intencAL __ The Ad Achidule an fate }——etactorern. fatacing a : Lat iy Aifepoly b tant and alleausy ures to vari IA bighen —peure tb 0 tBlvea itl eetge Apply the M= (ue a ° An i cpppre the =prite tectl tis fo, Heal money Aaifopal ich dibtronines the —.peribion of the Let SE L the Jintersect of the 1am “ ADE Loc ponding +o psi Levtl ts, th he Jt