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Chapter 12 Class - 2 Because changes in prince 3 Shifting a...

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Chapter 12 Class? 1. Aggregate Demand a. Amount of real GDP purchased at each price level b. Substution effect / Income effect not applical c. Why the downward slope i. Real-balances effect ii. Intrest-rate effect 1. More intrest rate = more investing iii. Foreign Purchases effect 1. When US price’s fall, Other countries stay the same d. Determinants of aggregate demand i. Fixed variable along the demand curve 1. Quantity demanded is movement along the demand curve
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Unformatted text preview: 2. Because changes in prince 3. Shifting a. Income changes/ personal preference/ e. Change in fixed variable f. Multiplier effect g. Consumer spending variables i. Consumer wealth h. Incestment spending variables i. Real intrest rates ii. Expected returns 1. Feture business conditions 2. Technology 3. Degree of excess capacity 4....
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