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AQA AS Economics All Definitions. Latest 2022. 99% proven pass rate
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17
February 2024
2023/2024
A+
1. Accelerator Effect - Ans-The relation between the change in new investment and the rate of
change of national income.
2. Actual Supply - Ans-The amount that producers in fact produce. This may differ from planned
supply for a variety of reasons such as breakdowns in production, staff absences, etc.
3. Aggregate Demand - Ans-Total planned expenditure in the economy. Known by the identity C + I
+ G + (X - M)
4. Aggregate Supply - Ans-The total value of goods and services supplied in the e...
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