山口経済学雑誌

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山口経済学雑誌 Volume 65 Issue 6
published_at 2017-03-31

An alternative simple macroeconomic model

45度線モデルの代替的な簡単なマクロ経済モデル
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C050065000601.pdf
Descriptions
Usually 45 degree macroeconomic model is taught for beginners as the primary determination theory of GDP. Though the model is easy to understand , it considers only expenditure side of GDP. By considering income side of DGP, students can understand the circulation of macro economy and the determination of GDP, excess private saving, government budget deficit and trade balance in a unified manner.