What Is a Shift in AD?
What Is a Shift in AD?
Aggregate demand is total planned spending in an economy: AD=C+I+G+(X−M)AD = C + I + G + (X - M)AD=C+I+G+(X−M). Here, CCC is consumption, III is investment, GGG is government spending, and (X−M)(X - M)(X−M) is net exports.
Step-by-step lessons on CIE Intl A Level Economics 4.3.5 causes of a shift in the AD curve. Each one builds up to exam-style questions.