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Year 12 Recap - Aggregate Demand Curve

Year 12 Recap - Aggregate Demand Curve

 Today's Year 12 Recap is looking at the topic of Aggregate Demand Curves.

Aggregate demand curves provide economists with a graphical way of representing the total expenditure on an economy's goods and services produced at any given point in time. Being able to understand the basic downward shape of aggregate demand curves and the distinction between a movement along the aggregate demand curve and a shift is a crucial skill amongst economists. 

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Year 12 Recap - Aggregate Demand

Year 12 Recap - Aggregate Demand

The first of our Year 12 Recap videos for macroeconomics looks at Aggregate Demand.

 Aggregate Demand curves provide economists with a graphical way of representing the total expenditure on an economy's goods and services produced at any given point in time. Being able to understand the main components of aggregate demand is a crucial skill amongst economists. This is because AD/AS diagrams represent the core bedrock of many macroeconomic essay questions.

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