Discuss the difference between an increase in the aggregate demand curve and an increase in the quantity of real GDP demanded. Include a discussion of how the price level relates to each event

An increase in aggregate demand is depicted as a shift of the entire curve to the right. Such a shift could be caused by any factor other than the overall price level that has a positive impact on spending. Examples include lower personal taxes, lower interest rates, and increased government spending. Ceteris paribus, the result of an increase in aggregate demand is an increase in the price level. In contrast, an increase in the quantity of real GDP demanded is depicted as movement along the existing aggregate demand curve. The only factor that would cause this movement is a decrease in the overall price level.

Economics

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Refer to the table above. Spain has comparative advantage in

A) grapes. B) textiles. C) both grapes and textiles. D) neither grapes nor textiles.

Economics

Which of the following is not an example of the opportunity cost of going to school?

a. The money a student could have earned by working if he had not gone to college. b. The nap a student could have enjoyed if he had not attended class. c. The party a student could have enjoyed if he had not stayed in to study for his exam. d. The money a student spends on rent for his apartment while attending school.

Economics