{"id":447,"date":"2015-05-05T03:59:25","date_gmt":"2015-05-05T03:59:25","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymacro1xngcxmaster\/?post_type=chapter&#038;p=447"},"modified":"2015-07-15T20:07:58","modified_gmt":"2015-07-15T20:07:58","slug":"learning-objective-applying-the-aggregate-supplyaggregate-demand-model","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/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>\r\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).\r\n<h3>LEARNING ACTIVITIES<\/h3>\r\nThe learning activities for this section include:\r\n<ul>\r\n\t<li class=\"chapter type-1\">Reading:\u00a0The Expenditure-Output Model<\/li>\r\n\t<li class=\"chapter type-1\">Reading: Using an Algebraic Approach to the Expenditure-Output Model<\/li>\r\n\t<li class=\"chapter type-1\">Reading: Equilibrium and The Expenditure-Output Model<\/li>\r\n\t<li class=\"chapter type-1\">Reading: The Multiplier Effect<\/li>\r\n\t<li class=\"chapter type-1\">Self Check: The Expenditure Output Model<\/li>\r\n<\/ul>\r\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\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-447\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Authored by<\/strong>: Steven Greenlaw and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":74,"menu_order":10,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"\",\"author\":\"Steven Greenlaw and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"a12d3a6b-ffb0-4480-b5f6-a254e3980903","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":186,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/wp\/v2\/users\/74"}],"version-history":[{"count":19,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/447\/revisions"}],"predecessor-version":[{"id":3109,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/447\/revisions\/3109"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/parts\/186"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/447\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/wp\/v2\/media?parent=447"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=447"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/wp\/v2\/contributor?post=447"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/wp\/v2\/license?post=447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}