All Terrain Thinking

A Compendium of things I think are Important
"If you teach a man to think he is thinking, he will love you. If you teach a man to think, he will hate you. - Ed McArthur"
 
 

Economics: It's not just whats' in your wallet

Three Views of How It Works

"Macroeconomic variables have become slightly more stable and recessions have become slightly less severe in the postwar era because policy has systematically counteracted some shocks. Both monetary policy and automatic fiscal policy have served to moderate postwar recessions."

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Circular Flow Diagram

National Income Identity

Aggregate Supply - Aggregate Demand Model

 
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