Survey
* Your assessment is very important for improving the work of artificial intelligence, which forms the content of this project
Download GDP
Document related concepts
Ragnar Nurkse's balanced growth theory wikipedia , lookup
Economic growth wikipedia , lookup
Transformation in economics wikipedia , lookup
Post–World War II economic expansion wikipedia , lookup
Long Depression wikipedia , lookup
Non-monetary economy wikipedia , lookup
Chinese economic reform wikipedia , lookup
Transcript
Factors Influencing GDP Aggregate Supply Aggregate Demand ⢠⢠⢠Aggregate supply is the total amount of goods and services in the economy available at all possible price levels. As price levels rise, aggregate supply rises and real GDP increases. ⢠Aggregate demand is the amount of goods and services that will be purchased at all possible price levels. Lower price levels will increase aggregate demand as consumersâ purchasing power increases. Aggregate Supply/Aggregate Demand Equilibrium ⢠By combining aggregate supply curves and aggregate demand curves, equilibrium for the macroeconomy can be determined. Go To Section: 1 2 3 Chapter 12, Section 1
