Macro: Unit 3.3 -- Propensities and Multipliers

Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
Define the marginal propensity to consume (MPC)
Define the marginal propensity to save (MPS)
Practice calculating changes in income, consumption, and savings, as well as MPC and MPS
Define the spending multiplier and describe how to calculate it
Discuss how changes in consumer spending and total real GDP output are produced by
changes in government spending using the spending multiplier
Define the tax multiplier and describe how to calculate it
Discuss how changes in consumer spending and total real GDP output are produced by
changes in tax policy using the tax multiplier
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[@trulyblessed9556]

I literally looked at my macro homework ready to drop my class because of these equations!! THANK YOU!!!

[@timothybernard8090]

Awesome, I watched lectures on the topic and didn't feel so confident i got this. I think you are the best. I 💘 economics

[@obadialalthazuala8315]

Hello Sir!
I really appreciate your teachings and It's really useful for me.
I've seen all your Videos on Macroeconomics as well.
Thanks you Sir!

[@BrickCastleConsulting]

This video was EXTREMELY helpful! Thank you so much for doing what you do! Thank you thank you !!

[@ahmedbellankas2549]

How to compute consumer spending?

[@mokoenamathibela2295]

Thank you ....please keep doing this economics videos they are very helpful

[@SvetlanaMinina]

Love your videos!

[@africanchronicler]

thanks willis

[@fernandomoscoso4120]

Excelent!!