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Lipsey & Chrystal: Economics 11e

Chapter 17

Biz/ed / Institute for Fiscal Studies (IFS) Virtual Economy A comprehensive online simulation, developed by the Institute for Fiscal Studies and the Macro-Economic Modelling Centre at Warwick University. It is derived from the model used by the Treasury. Users can control a variety of fiscal and monetary policy tools and see the outcomes of their policy choices. The site offers a wealth of support and activities.

Brad DeLong offers a straightforward exposition of Building Up the Income-Expenditure Diagram.