The AD curve
Aggregate demand is the total spending in an economy consisting of consumption, investment, government expenditure and net exports, i.e. the total quantity of output (Real GDP) that all buyers in an economy want to buy at different possible price levels (Average Price Level). You will be given some worksheets to do to address the objectives above, one of them linked to the video below:
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March 2021
Maree SpraggonTeacher of IB Economics at the American School of Budapest Categories |