Aggregate demand and supply

  • Created by: violasoph
  • Created on: 19-04-16 21:14
Total planned expenditure on goods and services produced in the UK
Aggregate demand
1 of 5
Total planned output of goods and services in the UK
Aggregate supply
2 of 5
The forces that make markets move in large booms and busts as people buy impulsively rather than rationally.
animal spirits
3 of 5
The pattern of economic growth which changes from booms to recessions in regular cycles.
trade cycle
4 of 5
The deliberate manipulation of government spending and taxation to influence AD
fiscal policy
5 of 5

Other cards in this set

Card 2

Front

Total planned output of goods and services in the UK

Back

Aggregate supply

Card 3

Front

The forces that make markets move in large booms and busts as people buy impulsively rather than rationally.

Back

Preview of the front of card 3

Card 4

Front

The pattern of economic growth which changes from booms to recessions in regular cycles.

Back

Preview of the front of card 4

Card 5

Front

The deliberate manipulation of government spending and taxation to influence AD

Back

Preview of the front of card 5

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