Search results with tag "Aggregate demand"
A-level ECONOMICS 7136/3 - filestore.aqa.org.uk
filestore.aqa.org.uk9 Turn over The diagram below shows aggregate demand (AD), short-run aggregate supply (SRAS) and long-run aggregate supply (LRAS) curves for the UK economy.
Summary of IS-LM and AS-AD - Karl Whelan
www.karlwhelan.comAggregate Supply • We have derived a model of the aggregate demand for goods and services. • But we need to also think about the supply side of the economy. • Supply capacity is a function of capital and labour inputs and the efficiency of the economy. • Labour market equilibrium delivers employment of N*
Question paper (AS) : Paper 2 The national economy ... - AQA
filestore.aqa.org.ukimplementing a supply-side policy. Which one of the following is a government policy ... In the diagram below, an economy is initially in equilibrium at point G. Aggregate demand then shifts from AD. 1. to AD. 2. and the short-run aggregate supply curve shifts ... Higher energy prices and lower government expenditure [1 mark] 7
The main determinants affecting economic growth - Yola
ashraffeps.yolasite.comthe aggregate demand, saving rates and investment rates, the efficiency of the financial system, budgetary and fiscal policies, migration of labour and capital and the efficiency of the government. There are four major determinants of economic growth: human resources, natural resources, capital formation and technology, but the importance that
Teaching Intermediate Macroeconomics using the …
www.ucl.ac.uky0 y1 r0 Phillips curve with inflation persistence Lag from monetary policy to aggregate demand: IS equation π0 π1 Policy instrument Contemporaneous output in the Phillips