Question
what are a few factors necessary for economic growth related to changes in aggregate supply and demand?
I know The factors necessary for economic growth include more capital, more labor, and technological change, cause an increase in aggregate SUPPLY, but i don't know about aggregate "demand".
I know The factors necessary for economic growth include more capital, more labor, and technological change, cause an increase in aggregate SUPPLY, but i don't know about aggregate "demand".
Answers
Ms. Sue
Economic growth depends upon consumer and business (and government) spending.
http://www.investopedia.com/terms/a/aggregatedemand.asp#axzz21CMVxeOM
http://economix.blogs.nytimes.com/2011/08/16/its-the-aggregate-demand-stupid/
http://www.investopedia.com/terms/a/aggregatedemand.asp#axzz21CMVxeOM
http://economix.blogs.nytimes.com/2011/08/16/its-the-aggregate-demand-stupid/