ECN 211 L15 AD_BB - ECN 211 Macroeconomic Principles L15...

Info icon This preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
10/05/09 1 ECN 211 Macroeconomic Principles L15 Aggregate Demand (continued)
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
10/05/09 2 RECAP: Aggregate Demand Aggregate Expenditures : Households : Businesses : International Sector : Government : AD = AD =
Image of page 2
10/05/09 3 Factors that affect Government Spending As spending is set by government authorities will assume it is ______________ of any other factors. It is ____________
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
10/05/09 4 Factors that affect Net Exports NX = (X-M) Exports are determined by conditions in the ________ ________ (foreign income, tastes, etc). Imports are determined by ______________
Image of page 4
10/05/09 5 Income : As domestic income increases consumers will consume ______ foreign goods therefore NX _________ As foreign income increases foreign consumers will consume _______ of our domestic goods therefore NX __________ Exchange rate A ____________ of the domestic currency makes domestic goods _______ and foreign goods __________ expensive. Therefore a _________ of the currency causes NX to __________
Image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
10/05/09 6 Prices of foreign goods: If foreign goods ___________ in price then they become relatively _______ expensive than domestic goods.
Image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern