Aggregate Demand and Supply - PowerPoint PPT Presentation

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Aggregate Demand and Supply

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  1. Aggregate Demand and Supply

  2. Aggregate Demand and Supply

  3. Aggregate Demand (AD)

  4. Consumption Expenditure • Tax rates • Wage increases • Credit • Interest rates • Wealth • Property • Shares • Savings • Bonds

  5. Investment Expenditure • Machinery • Equipment • Buildings • Infrastructure

  6. Government Spending • Defence • Health • Social Welfare • Education • Foreign Aid • Regions • Industry • Law and Order

  7. Import Spending (negative) • Goods and services bought from abroad

  8. Export Earnings (Positive) • Goods and services sold abroad

  9. Key Variables

  10. Macroeconomic Policy

  11. Fiscal Policy • Government Income (taxes and borrowing) • Government Spending

  12. Monetary Policy • Interest Rates (Bank of England)

  13. Aggregate Supply (AS)

  14. Capacity of the Economy • Costs of Production • Technology • Education and Training • Incentives • Tax regime • Capital stock • Productivity • Labour Market