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what is aggregate demand?
what is the equation for AD?
What are the 3 ways of explaining the downward sloping AD curve?
What are the 4 determinants of consumption?
What is gross investment?
what is net investment?
What are the 5 influences on investment?
What is the trade cycle?
what is fiscal policy?
How do the views on fiscal policy by Classical economists differ from that of Keynesian views?
What are the 5 reasons for a change in Net trade?
What is the PED of exports and imports likely to be and why?
Give 5 things AS influenced by
what is the difference between shifts in long run AS and short run AS?
Name 3 things that could cause a short run shift in AS
How do the 2 views of long run AS differ?
what are the 3 sections of the long run AS curve according to the Keynesian view?
What is a bottleneck?
What are the 4 changes in the labour market that may cause a shift in AS?
What are the 3 ways that the product market could result in a shift in AS?
