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Chapter 12

ECN 204 Chapter Notes - Chapter 12: Aggregate Demand, Aggregate Supply, The Immediate


Department
Economics
Course Code
ECN 204
Professor
Eric Kam
Chapter
12

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Aggregate'demand is#a#schedule#or#curve#that#shows#the#amounts#of#real#output#
(real#GDP)#that#buyers#collectively# desire#to#purchase#at#each#possible#price#level
12.1$ Aggregate$Demand
(Aggregate#Demand#Curve)
Real-balances#effect
Interest-rate#effect
Foreign#trade#effect
Slopes#downwards#b/c#of#the#following# effects#of#a#change#in#price#level
Aggregate#Demand#Curve
Chapter#12:#Aggregate#Demand#and#Aggregate#Supply
Wednesday,* March*9,*2016
9:26*AM

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Aggregate'demand is#a#schedule#or#curve#that#shows#the#amounts#of#real#output#
(real#GDP)#that#buyers#collectively# desire#to#purchase#at#each#possible#price#level
Slopes#downwards#b/c#of#the#following# effects#of#a#change#in#price#level
Chapter#12:#Aggregate#Demand#and#Aggregate#Supply

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

Foreign#trade#effect
12.2$ Changes$in$Aggregate$Demand
(Changes#in#Aggregate#Demand)
Consumer#wealth
Household#borrowing
Consumer#expectations
Personal#taxes
Consumer#Spending
Real#interest#rates
Expectations# about#future#business#conditions
§
Expected#returns
Investment#spending
Determinants#of#Aggregate#Demand
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