In the Keynesian Model with Government and the Foreign Sector

question 26

Essay

In the Keynesian model with government and the foreign sector added, what are the components of spending?
Which of these components are autonomous and which are not?
How is the equilibrium found?
When the economy is not at an equilibrium, what adjustments are made?

Calculate the size of the labor force and its components.

Recognize the implications of being classified in different employment statuses.

Understand how unemployment figures are adjusted for seasonal variations.

Identify demographic groups by their unemployment risk levels.