Question: NEED HELP MOSTLY ON 3-5. 1) Define Aggregate Demand. 2) Give three reasons why the Aggregate Demand curve slopes downward. 3) Using the Expenditure Model

NEED HELP MOSTLY ON 3-5.

1) Define Aggregate Demand.

2) Give three reasons why the Aggregate Demand curve slopes downward.

3) Using the Expenditure Model (GDP = C + G + I + NX), draw a graph that depicts Demand-Pull inflation.

4) What factors cause Demand-Pull inflation?

5) Using the Expenditure Model (GDP = C + G + I + NX), what needs to be done to get back to equilibrium when an economy experiences Demand-Pull inflation ?

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