AGGREGATE DEMAND
Describe consumption, investment, government spending and net exports as the components of aggregate demand.
Construct an aggregate demand curve.
Explain how the AD curve can be shifted by changes in investment due to factors including interest rates, business confidence, technology, business taxes and the level of corporate indebtedness.
Construct an aggregate demand curve.
Explain how the AD curve can be shifted by changes in investment due to factors including interest rates, business confidence, technology, business taxes and the level of corporate indebtedness.
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THE NEGATIVE DOWNWARD SLOPE OF THE AD CURVE: THE WEALTH EFFECT, INTEREST RATE EFFECT, INTERNATIONAL TRADE EFFECT: THE VENEZUELAN EXAMPLE...
Hyperinflation is hard to grasp, harder still to tolerate
IN 1946 Gyorgy Faludy, a Hungarian poet, received 300bn pengo for a new edition of his works. The sum would have been worth $60bn before the second world war. But after the Nazis departed with Hungary's gold reserves and the Russians occupied its territory, the country's currency was not what it was-and becoming even less so.
Wild-animal spirits
Illustration by S. KambayashiWHEN people look back on a bubble, they tend to blame the mess on crookery, greed and the collective insanity of others. What else but madness could explain all those overpriced Dutch tulips? With hindsight, today's mortgage disaster seems ridiculously simple.
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| aggregate_demand_lesson.pdf |
| aggregate_demand_and_the_great_recession.docx |
Watch from 7 minutes and take notes:
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AGGREGATE DEMAND OXFORD TEXTBOOK CHAPTER
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| economics_-_course_companion_-_jocelyn_blink_and_ian_dorton_-_third_edition_-_oxford_2020_1___dragged_.pdf |