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.
Aggregate demand curves are vital for AD/AS analysis - the core bedrock of many macroeconomic essay responses. Understanding how a factor is likely to shift the aggregate demand curve for a market and being able to diagrammatically represent this is an essential skill.
Here Jack guides you around the topic:
Our Year 12 Recap is supported by awesome interactive revision mind maps. Find out more about them and how teachers and students can access them by clicking here.
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