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Mere aggregation of the microeconomic model. Useful for evaluating factors and conditions which affect the level of Real Gross Domestic Product (GDP adjusted for inflation)…
Slide 1 FISCAL POLICY LECTURE 7 Slide 2 FRANKLIN ROOSEVELT In 1933 President FDR realized that the government had a responsibility to get the country on sound fiscal policy.…
2.2a Aggregate Demand Aggregate demand (AD) is comprised of all the spending that comes to a domestic market. Aggregate demand, is a schedule, which shows the amounts of…
Economics Revision Question 1 Provide THREE characteristics of a developing economy Question 1 Youâve got this one... Question 2 What is the role of the World Trade Organisation?…
Slide 1 2.2 Aggregate Demand and Aggregate Supply Unit Overview Aggregate Demand (AD) The AD Curve The components of AD The Determinants of AD and causes of shifts in the…
Demand-side and Supply-side Policies Demand-side and Supply-side Policies Different policies used by government to achieve macroeconomic stability Demand-side Policies Focus…