ATARMAxxing · QCE Economics revision notes
Aggregate Demand, the Business Cycle and the Multiplier
Macroeconomic Objectives and Theory
What this note covers
- 1. Aggregate Demand: Definition and the Expenditure Equation
- 2. Determinants of Each AD Component and Curve Shifts
- 3. Shifts versus Movements: Getting the Diagram Right
- 4. The Business Cycle: Phases and Characteristics
- 5. The Multiplier Effect: Theory and Mechanics
- 6. The Multiplier and the Business Cycle: Policy Implications
- 7. Limitations of the Multiplier and Synthesis
7 sections · 14 key terms & formulas · 6 common mistakes
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