The determinants of aggregate demand consist of spending by domestic consumers, by businesses, by government, and by
Question:
The determinants of aggregate demand consist of spending by domestic consumers, by businesses, by government, and by foreign buyers. Changes in the factors listed in Figure 29.2 alter the spending by these groups and shift the aggregate demand curve. The extent of the shift is determined by the size of the initial change in spending and the strength of the economy’s multiplier.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn
Question Posted: