AD=C+I+G+(X-M) 总需求函数[Aggregate Demand Function ] ——表示社会总需求量与价格总水平之间的关系。 总需求曲线向右下方倾斜的原因 时际替代效应 [Intertemporal Substitution Effect] ——由于物价水平变动引起的现期物品与未来物品之间的替代效应,对总需求带来的影响,又称利率效应。 P??实际M??i? ?现...
Movement to the left alone a given aggregate demand curve 9. According to the wealth effect, other things the same, an increase in the price level makes consumers feel Answer: less wealthy, so the quantity of goods and services demanded falls. 10. Other things the same, a decrease in th...
Also known as spot curve or spot yield curve.yield curve Graph of the relationship between time to maturity and yield to maturity.Aggregate Demand Total quantity of goods and services demanded. Aggregate Expenditure Curve aggregate demand for goods and services drawn as a function of the level of...
aggregate demand. Aggregate Expenditure Curve aggregate demand for goods and services drawn as a function of the level of national income. Crowding Out Decreases in aggregate demand which accompany an expansionary fiscal policy, dampening the impact of that policy. Demand...
1 It has been widely used in combination with different forms of the aggregate supply function to illustrate the determination of the equilibrium price level and/or real output. At the time of our original paper (Hall and Treadgold (1982)) the by-then-conventional aggregate demand curve had ...
Explain the reason for the aggregate supply curve to be steeper. why does the aggregate demand function slope downward? What is the reason why the demand curve slopes downward to the right? Why is aggregate demand downward sloping? What causes it to shift?
The aggregate demand curve represents the equilibrium total expenditure level of the economy and society under a series of total price levels, that is, the total demand curve represents the trajectory of the equilibrium total expenditure in the economy with the change of the total price level. The...
The downward-sloping aggregate demand curve, often depicted schematically as a straight line, plots a general price level of the economy to real GDP. The demand for real GDP is the aggregate demand.Shifts along the aggregate demand curve shows the change in real GDP with changes in price ...
Why do the aggregate expenditure function and the aggregate demand curve both shift upward at the same time? Why isn't the supply and demand mechanism working in macroeconomics at this moment? Why is the market demand curve flatter? Why is aggregate demand downward sloping? What causes ...
aggregate demand curve, reflecting the fact that prices and demand are subject to change. The AD curve has a downward slope, because as prices rise, demand for goods and services decreases. Interest rates represent the cost of money, and therefore have an effect on prices and aggregate demand...