Edexcel A-level Economics Theme 2.2-2.4 Questions and Answers(graded A)
Edexcel A-level Economics Theme 2.2-2.4 Questions and Answers(graded A) Aggregate demand - AnswersThe total of all demands or expenditures in the economy at any given price. Aggregate demand curve - AnswersShows the relationship between the price level and equilibrium national income. As the price level rises the equilibrium level of national income falls. Animal spirits - AnswersBusiness confidence: the mood of managers and owners of firms about the future of their industry and the wider economy. Investment - AnswersThe addition to the capital stock of the economy. Retained profit - AnswersProfit kept back by a firm for its own use which is not distributed to shareholders or used to pay taxation. Net exports or the net trade balance - AnswersExports minus imports. Aggregate supply curve - AnswersThe relationship between the average level of prices in
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- Subido en
- 17 de marzo de 2024
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- 3
- Escrito en
- 2023/2024
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- Examen
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