MODULE 17
Aggregate Demand: Introduction and Determinants
Tooga/Getty Images
17Aggregate Demand: Introduction and Determinants
172
In this Module, you will learn to:
Use the aggregate demand curve to illustrate the relationship between the aggregate price level and the quantity of aggregate output demanded in the economy
Explain how the wealth effect and the interest rate effect give the aggregate demand curve a negative slope
Identify the factors that can shit the aggregate demand curve