Aggregate Demand

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AD definition
the total demand for a country's goods and services at a given price level in a given time period
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Components of AD
C I G X-M
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Ways to manipulate AD
fiscal policy, monetary policy
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What does a lower price level mean?
consumers can buy more
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A change in the price level will cause a
movements along the AD curve
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Other cards in this set

Card 2

Front

C I G X-M

Back

Components of AD

Card 3

Front

fiscal policy, monetary policy

Back

Preview of the back of card 3

Card 4

Front

consumers can buy more

Back

Preview of the back of card 4

Card 5

Front

movements along the AD curve

Back

Preview of the back of card 5

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