Peter Cooper — Short & Simple 20 – Graphing the Income-Expenditure Model

Summary:
It is easy to represent the ‘income-expenditure model’ in a graph. Some people find this helpful as a visual aid to understanding; others, not so much. For those who find graphs confusing, this post can safely be ignored. In terms of economic meaning, it does not add much to what has already been explained. But for those who are comfortable with graphs, they can be a handy tool for illustrating or thinking through the logic of a model.... heteconomistShort & Simple 20 – Graphing the Income-Expenditure ModelPeter Cooper

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Mike Norman considers the following as important: income-expenditure model

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