2.2 Aggregate demand (AD)

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Question 20

Annotate the aggregate demand ( $A D$ ) and short-run aggregate supply ( $S R A S$ ) diagram below to show the likely impact of a sharp decline in business confidence, which causes a significant contraction in private-sector investment, on the equilibrium level of real national output and the price level.

Aggregate Demand and Short-Run Aggregate Supply Diagram

[2]

2.2 Aggregate demand (AD)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Question 20

Annotate the aggregate demand ( $A D$ ) and short-run aggregate supply ( $S R A S$ ) diagram below to show the likely impact of a sharp decline in business confidence, which causes a significant contraction in private-sector investment, on the equilibrium level of real national output and the price level.

Aggregate Demand and Short-Run Aggregate Supply Diagram

[2]

2.2 Aggregate demand (AD)

Question 20

2.2 Aggregate demand (AD) Questions

2.2 Aggregate demand (AD)

Question 20

2.2 Aggregate demand (AD) Questions