Economics (McConnell), 18th Edition

Chapter 27: Basic MacroeconomicRelationships

IN THIS CHAPTER YOU WILL LEARN:

1. How changes in income affect consumption (and saving).



2. About factors other than income that can affect consumption.



3. How changes in real interest rates affect investment.



4. About factors other than the real interest rate that can affect investment.



5. Why changes in investment increase or decrease real GDP by a multiple amount.