What is meant by aggregate demand

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Reference no: EM132927004

1 Explain the meaning of inflation.

2 What is meant by aggregate demand?

3 Explain what is meant by aggregate supply

4 What are the conditions necessary for equilibrium in an economy?

5 Explain two factors that might affect the level of injections in an economy

6 What is the effect of an increase in injections on the level of national income?

7 Explain two factors that might lead to a decrease in aggregate demand.

8 Explain two factors that would increase the size of the effect of the multiplier.

9 What is the effect on national income if autonomous savings increase?

10 What is likely to happen to national income if aggregate demand exceeds aggregate supply?

11 Explain what is meant by a deflationary gap.

12 What is the economic cycle?

13 What is the difference between actual and potential growth?

14 Explain the difference between a boom and a recession. How might these stages affect a firm's decisions?

15 Explain how a government might promote faster economic growth

Reference no: EM132927004

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