economics aggregate demand
- Created by: ishah
- Created on: 10-05-13 23:00
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- AD
- total spending made on G&S in economy
- show relationship of general price level and real GDP
- C+I+G+X-M
- shift in AD- 1+ component affected
- factors causing shift
- change in expectation
- change in fiscal policy
- monetary policy - interest rate
- economic events in world
- short-run - output affected
- long-run - overall price affected
- fluctuation - demand-side shocks
- exchange rate
- credit crunch
- gov policy change
- change in share prices
- slump in housing market
- total spending made on G&S in economy
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