Aggregate Demand  Model - The Model determines the total supply or total demand for the economy. , Aggregate Demand Quantity  - Amount of total spending on domestic goods & services in an economy at a given price level , What four components affect Aggregate demand  - Consumption, Investment, Government, Imports, & exports , Aggreagte Demand Curve - Shows the total spending on domestic goods & services at each price level , Aggregate Demand curve slopes which way? - AD curve slopes down , Short-run curve  - Shows the total quantity of output that firms will produce and sell at each price level , Long Run curve (LAS) - Also known as potential GDP, shows the relationship between price level for output and real GDP in the long run , What are the factors that shift the AD curve? - Expectations about the future, Fiscal policy & monetary policy, the state of the world economy ,

Aggregate Demand & Aggregate Supply

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