macroeconomics definitions

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AS - Level (macroeconomics) economics Fichas sobre macroeconomics definitions, creado por luc rah el 25/04/2016.
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Pregunta Respuesta
AGGREGATE DEMAND total amount of planned spending in an econ at any given price level at a point in time
AGGREGATE SUPPLY total supply of G + S produced within an econ at a given overall price level in a given time period
ACCELERATOR EFFECT when an increase in NI (GDP) results in a proportionately larger rise in capital investment spending. In other words, we see a surge in capital spending by businesses when an economy is growing quite strongly
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