The Consumption Function and the Multiplier

D. C. Rowan
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D. C. Rowan: University of Southampton

Chapter Chapter 9 in Output, Inflation and Growth, 1983, pp 122-140 from Palgrave Macmillan

Abstract: Abstract In the last chapter we argued that enterprises would adjust their output per period until planned sales and actual sales were equal. At this level of output enterprises would be in equilibrium: that is, they would have no reason to adjust their output plans in any way.

Keywords: Aggregate Demand; Real Income; Equilibrium Level; Consumption Function; Aggregate Consumption (search for similar items in EconPapers)
Date: 1983
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DOI: 10.1007/978-1-349-06800-5_9

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