Question: 1) Define Aggregate Demand. 2) Give three reasons why the Aggregate Demand curve slopes downward. 3) Using the Expenditure Model (GDP = C + G

1) Define Aggregate Demand. 2) Give three reasons why the Aggregate

1) Define Aggregate Demand. 2) Give three reasons why the Aggregate Demand curve slopes downward. 3) Using the Expenditure Model (GDP = C + G + | + NX), draw a graph that depicts Demand-Pull inflation. 4) What factors cause Demand-Pull inflation? 5) Using the Expenditure Model (GDP = C + G + | + NX), what needs to be done to get back to equilibrium when an economy experiences Demand-Pull inflation

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