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4 Cards in this Set
- Front
- Back
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What is aggregate demand |
The total demand for a country’s good or services at a range of price levels over a given period of time |
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What are the components of AD |
C + G + I + ( x-m ) |
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What causes a shift in AD |
Any change in investment, government spending, consumption or net exports |
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what is the difference between short run and long run analysis |
Short run - One or more FOP is fixed Long run - FOPs are variable and can change |
