Tuesday, 13 November 2012

ADAS questions

Use an aggregate demand and aggregate supply diagram to illustrate and explain how each of the following will affect the equilibrium price level and real GDP:
  1. Consumers expect a recession
  2. Foreign income rises
  3. Foreign price levels fall
  4. Government spending increases
http://economics.about.com/od/aggregatedemandsupply/ss/aggregate.htm

Tutor2u questions:

http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-classroom-exercise-shifts-in-ad-and-as