Keynesian cross

GPTKB entity

Statements (22)
Predicate Object
gptkbp:instanceOf macroeconomic model
gptkbp:alsoKnownAs 45-degree line diagram
gptkbp:assumes prices are fixed
short-run analysis
gptkbp:axisLabel aggregate expenditure (vertical axis)
national income (horizontal axis)
gptkbp:category macroeconomics
gptkbp:demonstrates relationship between aggregate demand and national income
gptkbp:explains multiplier effect
income determination
gptkbp:feature aggregate expenditure curve
45-degree line representing points where output equals expenditure
https://www.w3.org/2000/01/rdf-schema#label Keynesian cross
gptkbp:introduced gptkb:John_Maynard_Keynes
gptkbp:introducedIn gptkb:The_General_Theory_of_Employment,_Interest_and_Money
gptkbp:relatedTo gptkb:IS-LM_model
aggregate demand
fiscal policy analysis
gptkbp:shows equilibrium where aggregate expenditure equals output
gptkbp:usedIn gptkb:Keynesian_economics
gptkbp:bfsParent gptkb:Keynesian_economics
gptkbp:bfsLayer 5