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WJEC AS Macroeconomics Revision Notes
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WJEC AS Macroeconomics R
WJEC AS Macroeconomics R
WJEC AS Macroeconomics Revision Notes 100% Pass Macroeconomics Revision Notes Macroeconomics = This is the branch of economics that studies the behaviour and performance of the economy as a whole. 1. Macroeconomic Theory Topics include: the circular flow of income - 1.1; aggregate demand (AD) - 1.2; aggregate supply (AS) -1.3; AD/AS Analysis – 1.4. 1.1. Circular Flow of Income The circular flow of income = This is how money moves between various economic agents in an economy through t...
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