Edexcel Theme 2 Macro Knowledge Book - Aggregate Demand and Aggregate Supply
- Levels: A Level
- Exam boards: Edexcel
Here are some links and revision activities for students and teachers using the Edexcel Theme 2 Knowledge Book for Economics. This section covers factors affecting aggregate demand and aggregate supply
Aggregate demand
Aggregate demand is total spending on domestically produced goods and services at a given time and price level. AD is the sum of consumption expenditure, investment expenditure, government expenditure and net exports. (AD=C+I+G+X-M). Study resources on aggregate demand can be found here.
Study resources on the components of aggregate demand
Aggregate supply
Aggregate supply measures the volume of goods and services produced each year. Aggregate supply represents the ability of an economy to deliver goods and services to meet demand.
Study collection on aggregate supply
Quizlet revision activity on aggregate demand and aggregate supply
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- Economics
- Learning Activities
- Aggregate demand
- Aggregate supply
- Aggregate supply shock
- Long-run Aggregate Supply Curve (LRAS)
- Short-run Aggregate Supply Curve (SRAS)
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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