Components of aggregate demand, Macroeconomics

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Components of aggregate demand

Q1. Define the term Investment multiplier. Describe its value when mpc = 0.6?

Q2. Define the term Personal Income.

Q3. Illustrate and describe the Okun’s Law.

Q4. Describe the components of Aggregate Demand?

Q5. Differentiate between the real and nominal interest rate.

Q6. Illustrate any two functions of money.

Q7. Beneath what conditions does the IS curve become horizontal?

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Macroeconomics: Components of aggregate demand

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Macroeconomics: Components of aggregate demand

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