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Shifting Aggregate Demand definitions
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Aggregate Demand
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Aggregate Demand
Total spending on goods and services in an economy, influenced by consumption, investment, government spending, and net exports.
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Shifting Aggregate Demand quiz
Shifting Aggregate Demand
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Shifting Aggregate Demand
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이 집합의 용어 (15)
하이드의 정의
Aggregate Demand
Total spending on goods and services in an economy, influenced by consumption, investment, government spending, and net exports.
Consumption
Spending by households on goods and services, affected by factors like taxes and income.
Investment
Expenditure by businesses on capital goods, shaped by economic expectations and future prospects.
Government Spending
Purchases of goods and services by the public sector, determined by policy decisions and fiscal actions.
Net Exports
Difference between a country's exports and imports, influenced by exchange rates and global demand.
Exchange Rates
Relative value of one currency to another, affecting the price competitiveness of domestic versus foreign products.
GDP
Measure of total economic output, impacted by changes in aggregate demand components.
Price Level
Average of current prices across the economy, changes cause movement along the aggregate demand curve.
Aggregate Demand Curve
Graphical representation showing the relationship between total demand and price level in an economy.
Wealth Effect
Impact of changes in price level on consumer purchasing power and spending.
Interest Rate Effect
Influence of price level changes on borrowing costs and investment decisions.
Foreign Price Effect
Effect of domestic price changes on demand for foreign versus domestic goods.
Taxes
Compulsory payments to government, affecting disposable income and consumption.
Economic Expectations
Outlook regarding future economic conditions, shaping investment and spending decisions.
Market Equilibrium
State where aggregate demand equals aggregate supply, determining overall output and price level.