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المحاضره السادسه و السابعه

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Salma Hazem
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41 views14 pages

المحاضره السادسه و السابعه

Uploaded by

Salma Hazem
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
TEVVITITIVIVU SE DID ODD DIT EIU T Es EWN 46 The Keynesian Theor 4 of Natenal Ducome deter win. ehieu The Q real depress;ou that hay pened iu the Period 19041936 proved that me price mecha sm ih a See eutevprize s steu filed te solve this Preblam ov & help Mie tuarlWet Grestove its equi li brine Srhuakien Jeong kconom ists cvitieitd the classical theery - TM 1936 the English economist J-/4 Keynes Wlete lis Jomous book “Creneval Theevy oA Empletment , Tuteresé ond Mone * Whichmade avevolehon im the coprouce Thouy hit ™ concotn with Me problem of on ecaploy ment Kegnes ve\ected the Fidamentel Classica D assuat ptm A automatic Poll employment £quilbrictiy im the economy - He Cousidered ibas Mretlshic He Vegarded Pull employment aS a Special situation. He obsevved that qenerval situation men capitalist Roney 15 che uuderewple tent This is kecause he capitalishseciety does, a funchion according te Say'staw special during depression when aggteqate supply \ exceeds a egete dermourd + Scanned mn CamScanner 4A devin depression that millions sf ave prepared G work at curreadt wage aud Ven below bh pet they dew't Piuyd work werlkers Thay Che existence “4 involuntary amemple ateut micaptehst proves that nderemploy ae a F 7H Ibry doe S ae normal sstughien aud Fall Conley weer t eqee (bri eet is yesh % chance ~The economy can Veach Me eqerl bit situation below LHe fell level of sneeme Keynes refused Say's law A markets ond the antomeltic worltin of Price weclourisia. He permted ouf that the Free market cap,belist systeu, was nok ctetomatic end SelP- adjusting becacese A the fellewia 4 Peasous 3 complouuecnnt ie Saving plans den?bi- match iestment plows Keynes refused Say'sLaw which states thet Supply reales its oun demand due be Yhe Flegibilit 4 of Fee juteres vates This Slexibility easures het sewing s are antomahcaily pwvesled since Lhe househe match rhe busines Soin plaus 7 dn case Sawings exceeds investment, - - =~ - -_- Consent plicn atte Ke qhesiau theory Weqae sing theory states plat demand creates hy pp ly ord dencmed sy Mee ucecees de hevmenncet fb Lhe webioual crated eee cits med of IS There iy egeess productyen capacchy aud La dony Ustaees damm d equct se ples meet we Should Ch mulate Sufhrct ack deaat will help tH ‘ : ! p tHe eens © eect Heo pow t of fe llevaploy meee f Then c+ is rhe tote! typacditure that Wegnes WHS Grate about : Sywece Adqrequte demand at Lotal expend buce rs Mu mans dehermenat of he Atetrownl Lu comee aud of eee p boy neue we Shall 5 be dy Fue Cotes pects 4 Me total Cn pend bere Detev minetion of Vatiaunl Lncome iu TWo ~ Sector economy Se ppese a Closed Ecamomed ca which doverumark doesa’t have cg vole be ply in Me Ceomaucic achicha af car ty 4 The goverameat ic wot iMvolved in ae Fu biey Such ar tayahyem , empend bere wad : fons wr pp hen The profs # earned bY ov jens cetions 15 completely distvibated iu tue Haren 4 dividends amon Share hd ders Scanned with CamScanner Mttisttttreteece|ee SOOTHER a htt J Vader Yrade assunyrtions Vabinnel pregueo it equal & dispeseble income Mow, we shell study Hu Total Eppecds bare eacporeuts - Tefal expenditure = Louseaphion 2 Per dy bare + LDuvestment 4“ The Conseue yp bi on Function - Consumeep bio 1s a Sanction of Tacome CY) oF , Tucome (s Me mais determerset ah Grou tian (C) c=-j CF Cay Since CQ) iy Mre dis posable CK Cobmerg ¢ a+ ov veal Wleouce Where, w= constont SEE) risen p bee When income equals Zero b = Marginal propensity G cmseuce (MPC) = oo a o< bet oc Afec PC = chanqein Conscanp bien OA ~ changer 18 Come SF income (u leases, Consumption will increase too bebuot by tHe Same Chante iv ia comme Gusempstrim deeow/finevease a So much Lele income: This depands on he hema wr tuy - Scanned win CamScanner IXt4ncs psycholoyicat Vague of Cons autp Aiea ig O< MPEK C iste consumption Lachiow . $hiy astraryht line This means that MPC remains coustaut as income incteases (Sinee the slope of C equals MPC) AL Zero level of income the Semscamp tion 15 positive ind equals (46) - qhe stvaightline Cyg pos: tively s leped This breans That Whew income incre SRG Con sien glen wilyals rncverse (but less than income since the Shope : the Chine ss less tuaw the slope y line ). The Straightline passing thvoagh the orrgin making on omy le hed Fepreseats cucmuee rOSbFPIVVVELEIEEIEELLLIIIIIIITVIV Scanned with CamScanner SF The bree eyes peut (Cb) is Ehe pow at which Cow seen ation « qeels 4 Comea € Te the vight of Port tb) Corrsecep tim is less thar come (CK4)° To he LS tof pout @) Consume p bio TS AYeectew than FaConte Gremie saving) Now & deyive Saving Function 4rout Consueert Frew Farchror 7 tte a — Ab wzere level income , conse phon = 4S Then Saving = ~45 (4245 4 G2 c45), C2 Gre5 ,S=-45) — AL Me break pent (b) where y= C » 52 O° To the left B pomt b) where C74 , there 15 enesetive Saving ~ To the night + perl Cb) where ck, Here 1s apes tive savind SSARREEREBRED DER EER SEER ERE ER E4 Fl — -_ CamScanner 5& C= 100 FOBN Fiad he break ever point Dvaw and ex plein Hee Conseusp brow furchion aud the Saving Pune tion Answer At the breck even point yee =) wes < ~ 4 loop OSY po —_ ea —_ _* > —_ —_ —_ —_ —e — —_ SP a —_ Scanned with CamScanner CEST SVIVVUVE SLED SEEDED 59 Coste @usmnpbien Jeuc bron 4tis a stacy ht line sjuce APC (Yue slope a C fine) 1S ceers beech Y The LS“ line is Hire income line JA income =O, Cis positive and equals (90 Cwhich means tet Saving = —loo) . (b)is Me prea ever port ab whcch c= = See (thea saving = ato) To he left § porwt (b) where © 7 4 theve is & nedehve Saving, To Yhe wht of poit Cb) whate CKY, there 1S & Positive Savin Scanned with CamScanner

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