AS Economics
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:
Consumers expect a recession
Foreign income rises
Foreign price levels fall
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
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