Define aggregate demand

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Reference no: EM134001057

Assignment:

  1. Define aggregate demand.
  2. Give three reasons why the aggregate demand curve slopes downward.
  3. What factors on the Consumer Spending side of the Y = C + G + I + NX shifts aggregate demand to the left?
  4. What factors on the Government Spending side of the Y = C + G + I + NX shifts aggregate demand to the right?
  5. What factors on the Investment Spending side of the Y = C + G + I + NX shifts aggregate demand to the left?
  6. Using NX in the Y = C + G + I + NX, what needs to be done if there is Demand-Pull inflation to get back to equilibrium?

Reference no: EM134001057

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