6.1 ~ Aggregate Demand

What is the formula for AD

What does C stand for?

What does C include?

What does I stand for?

What does I include?

What does G stand for?

What does G include?

What does (X-M) stand for?

What does (X-M) include?

What does it mean if (X-M) is positive?

What does it mean if (X-M) is negative?

What are shocks to AD?

What are some shocks to AD?

What is the relationship between AD and the PL?

What are three examples of the relationship between AD and PL?

Explain falling real Y in terms of AD and PL?

Explain the balance of trade in terms of AD and PL?

Explain the ir effect in terms of AD and PL?

What are factors that cause a shift in AD? (6)

How do changing expectations shift AD?

How do changes in MP shift AD?

How do changes in FP shift AD?

How do global economic events shift AD?

How do changes in household wealth shift AD?

How do changes in the S of credit shift AD?

What causes a shift outwards of the AD curve? (4)

What causes a shift inwards of the AD curve? (5)