Economics (McConnell), AP* Edition, 20th EditionChapter 28:
Basic Macroeconomic Relationships After studying this chapter, you should be able to: LO 28.1 | Describe how changes in income affect consumption (and saving). | LO 28.2 | List and explain factors other than income that can affect consumption. | LO 28.3 | Explain how changes in real interest rates affect investment. | LO 28.4 | Identify and explain factors other than the real interest rate that can affect investment. | LO 28.5 | Illustrate how changes in investment (or one of the other components of total spending) can increase or decrease real GDP by a multiple amount. |
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