Economics 3.5 / 5 based on 3 ratings ? EconomicsAggregate Demand and SupplyASEdexcel Created by: Lucy Uffindell-SaundersonCreated on: 19-09-13 17:42 Define Aggregate Demand The total demand for a country's goods and services at a given price level and at a given time period 1 of 10 Where does the planned expenditure come from ? Economic Agents 2 of 10 Name some economic agents households, firms, government, foreigners 3 of 10 What do households spend money on ? goods and services 4 of 10 What do firms spend money on ? wages and raw materials 5 of 10 What does the government spend money on ? wages and goods and services 6 of 10 What do foreigners spend money on ? UK made goods and tourism 7 of 10 Define goods something tangible e.g book 8 of 10 Define services something untangible e.g haircut/ bus 9 of 10 What is the Aggregate Demand equation? AD = C+ i 10 of 10
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