The Impact of the Economic Adjustment Program on Aggregate Private Consumption : The Case of Jordan

the purpose of this study is to investigate the effectiveness of the economic adjustment program on aggregate private consumption through changing both the slope and the intercept of the aggregate private consumption function in Jordan for the years 19976-1997. the empirical results show that E.A.P has a significant influence on the slope and intercept reflecting the success and the effectiveness of the program in reducing the level of private consumption and increasing savings as expected