2.2.1 Characteristics of Aggregate Demand

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  • Created by: 13clarken
  • Created on: 18-01-19 10:55
... is the total spending on goods and services. (Consumption + Investment + Government Spending + Exports-Imports)
Aggregate Demand
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... on the AD curve, changes in the price level cause ... along the AD curve
Movements
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... on the AD curve, anything other than price level will cause a ... of the AD curve to the left or right, E.g. Taxes
Shifts
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... is the largest component of AD, therefore a change in ... will have a big effect on AD
Consumption
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... consumption= Increased AD
Increased
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... consumption= Decreased AD
Decreased
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Other cards in this set

Card 2

Front

... on the AD curve, changes in the price level cause ... along the AD curve

Back

Movements

Card 3

Front

... on the AD curve, anything other than price level will cause a ... of the AD curve to the left or right, E.g. Taxes

Back

Preview of the front of card 3

Card 4

Front

... is the largest component of AD, therefore a change in ... will have a big effect on AD

Back

Preview of the front of card 4

Card 5

Front

... consumption= Increased AD

Back

Preview of the front of card 5
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