Economic Perspectives

An introduction to U.S. macroeconomic policy issues, such as how we use monetary and fiscal policies to promote economic growth, low unemployment, and low inflation.

Showing posts with label income effect. Show all posts
Showing posts with label income effect. Show all posts
Monday, May 5, 2008

The Income Effect

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INSERT DIAGRAM HERE. The income effect refers to the increase in a consumer’s purchasing power when the price of a product decreases. Even...
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JOHN BUCK
Jacksonville, Florida
I am a professor of economics at Jacksonville University, where I teach courses in introductory economics, comparative economic development, and globalization. I use this blog to keep in touch with my current and former students. Teachers and students at other schools, as well as others interested in economic issues, are welcome to use this resource.
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