Aggregate Demand - Tutor2u

Aggregate Demand - Tutor2u - AS Economics PowerPoint...

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AS Economics PowerPoint Briefings 2007 PowerPoint Briefings 2007 tutor2u tutor2u Aggregate Demand AS Level Macroeconomics
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tutor2u tutor2u Key Issues What is aggregate demand? What are the components of aggregate demand? What causes changes in aggregate demand? How does a change in AD cause changes in output, employment and prices? Macroeconomic policy and aggregate demand
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tutor2u tutor2u Key concepts Aggregate demand The total level of planned real expenditure on UK produced goods and services Aggregate demand curve Shows the level of planned demand for real output consistent with a particular price level Exports – Imports Also known as the current account balance of the balance of payments Government spending Expenditure by central and local government on goods and services (not including welfare benefits)
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tutor2u tutor2u Understanding Aggregate Demand (AD) Aggregate Demand (AD) = Total level of planned real expenditure on UK
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