a) Aggregate demand

0.0(0)
Studied by 0 people
linked notesView linked note
call kaiCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/5

encourage image

There's no tags or description

Looks like no tags are added yet.

Last updated 9:13 PM on 3/1/26
Name
Mastery
Learn
Test
Matching
Spaced
Call with Kai

No analytics yet

Send a link to your students to track their progress

6 Terms

1
New cards

  • define aggregate demand

  • total demand for all goods and services in an economy at any given average price level

2
New cards

  • state the formula for aggregate demand

  • AD = C + I + G + (X - M)

    • aggregate demand = consumption + investment + government expenditure + net exports

3
New cards

  • define consumption (C)

  • total spending on goods and services by consumers

4
New cards

  • define investment (I)

  • total spending on capital goods by firms

5
New cards

  • define government expenditure (G)

  • total spending on the economy by the government

6
New cards

  • define net exports (X - M)

  • revenue from exports - expenditure on imports