Movement Along or Shift of Aggregate Demand
Study Edexcel Economics aggregate-demand diagrams by separating movements along AD from shifts caused by changes in its determinants.
- Syllabus
- 2019
- Course
- Economics YEC11
- Level
- AS
Study Edexcel Economics aggregate-demand diagrams by separating movements along AD from shifts caused by changes in its determinants.
The diagram shows aggregate supply and aggregate demand for an economy. Which one was the most likely cause of the change from AD to AD1?
A decrease in government spending
An increase in interest rates
A decrease in net exports
An increase in consumption
D