• Define and explain Say's Law
 
• Define and explain Keynes' Law
 
• Define Aggregate Supply and, using the AS Curve, explain the relationship between Price and Real GDP.
 
• Describe different factors that might make consumers more confident and thus more apt to spend money and explain how this causes a shift in AD and the GDP.
 
• There are four components of the GDP; for each component, identify one reason for a decrease in Aggregate Demand and explain how this change affects AD; (please exceed a minimum of 100 wor to address each component)
  • Consumption
   
  • Investment
   
  • Government
   
  • Net Exports

Be sure to exceed a minimum of 125 words for each requirement to ensure thorough depth and detail is utilized in demonstrating your understanding of the answer