The relative importance of the components of AD
A diagram showing the aggregate demand (AD) curve for an economy with Average Price Level on the Y axis and Real GDP on the X axis
A diagram showing an increase and decrease in the average price level (AP) which causes a movement along the aggregate demand (AD) curve leading to a contraction/expansion of AD
Diagram Analysis
A diagram showing a shift in the entire aggregate demand (AD) curve due to a change in one of the determinants of AD
Diagram Analysis
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