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.
Here Jack guides you around the topic of aggregate demand:
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