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Economic growth essay HELP (1 Viewer)

Devozzzz

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Jan 19, 2012
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51
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HSC
2013
Econonomic growth is caused by aggregate demand and aggregate supply, yes.

Aggregate demand: total demand for goods and services ( C+I+g +(X-m)

MY problem is with aggregate supply, the textbook has 3 'definitions' for it:

1) maximimum output capacity for and economy

2) The ottal level of income in the economy over a given period of time

3) Y = C+S+T


WHAT DO I USE??
 

freeeeee

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Oct 31, 2011
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Gender
Male
HSC
2012
All three are definitions for AS, some of the MC question you need to use Y = C + S + T
 

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