Slide 1 AP EXAM REVIEW UNIT 3 NATIONAL INCOME AND PRICE DETERMINATION Slide 2 Marginal Propensity to consume A. Marginal = extra B. proportion of any change in income that…
Microeconomics and Macroeconomics Macroeconomic Models Macroeconomic Models Aggregate Demand Aggregate demand: A curve that shows the total amounts of nation's output…
1 Open Economy Macroeconomics MJRI.10.038 Advanced macroeconomics MJRI.10.042 D. Romer “Advanced macroeconomics” Chapter 5. TRADITIONAL KEYNESIAN THEORIES OF FLUCTUATIONS…
Chapter 24 1 Aggregate Demand 1 2 Up to this point we have looked at the basic concepts of RGDP, unemployment and inflation. This is good because we have to have a solid…
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…