WEALTH, DISPOSABLE INCOME AND CONSUMPTION - Economics
WEALTH, DISPOSABLE INCOME AND CONSUMPTION - Economics
WEALTH, DISPOSABLE INCOME AND CONSUMPTION - Economics
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15 000<br />
14 000<br />
13 000<br />
12 000<br />
11 000<br />
10 000<br />
9 000<br />
8 000<br />
14 500<br />
14 000<br />
13 500<br />
13 000<br />
12 500<br />
12 000<br />
11 500<br />
Figure 14<br />
Dynamic simulations of the Keynesian and<br />
wealth-augmented EC consumption equations<br />
1964–1993<br />
1965 1970 1975 1980 1985 1990<br />
1980–1993<br />
with wealth<br />
actual<br />
with wealth<br />
Keynesian<br />
1980 1982 1984 1986 1988 1990 1992<br />
Keynesian<br />
actual<br />
45
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