macroeconomics definitions

Descrição

AS - Level economics (macroeconomics) FlashCards sobre macroeconomics definitions, criado por luc rah em 25-04-2016.
luc rah
FlashCards por luc rah, atualizado more than 1 year ago
luc rah
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Resumo de Recurso

Questão Responda
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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