Macro Economics
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UPDATED 2024/2025 MACROECONOMICS DEFINITIONS AQA A LEVEL ECONOMICS Absolute advantage - RIGHT ANSWER -The producer with the ability to make largest amount particular product using factors of production accelerator - RIGHT ANSWER -principle of investment theory whereby investment spending by firms responds to change in demand AD - RIGHT ANSWER -C + I + G + (X-M) Aggregate demand - RIGHT ANSWER -Sum of all planned spending on domestic output at a given general price level per period A...
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UPDATED 2024/2025 MACROECONOMICS DEFINITIONS AQA A LEVEL ECONOMICS Absolute advantage - RIGHT ANSWER -The producer with the ability to make largest amount particular product using factors of production accelerator - RIGHT ANSWER -principle of investment theory whereby investment spending by firms responds to change in demand AD - RIGHT ANSWER -C + I + G + (X-M) Aggregate demand - RIGHT ANSWER -Sum of all planned spending on domestic output at a given general price level per period A...
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Macro Economics•Macro Economics
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