b) The AD curve

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Last updated 9:18 PM on 3/1/26
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7 Terms

1
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  • state the components of the AD curve


  • bvhvhgh


2
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  • state what a change in only AP causes


  • change in RGDP

  • movement along the AD curve


3
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  • state what a decrease in AP causes

  • state what an increase in AP causes


  • RGDP increases → extension in RGDP

  • RGDP decreases → contraction in RGDP


4
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  • define the determinants of AD


  • factors other than AP that cause a change in AD


5
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  • state the determinants of AD


  • consumption

  • investment

  • government expenditure

  • net exports


6
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  • state what a change in the value of the determinants of AD causes


  • change in AD

  • shift of the AD curve


7
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  • state what happens to the AD curve if AD decreases

  • state what happens to the AD curve if AD increases


  • shifts left

  • shifts right