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Aggregate Demand, Consumption and Saving
Economics · Chapter 11 · 2. Theory of Income and Employment
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Your path through this chapter
Visual lesson Beta
- Part 1: Plans, Outcomes and Aggregate Demand16 slides
- Part 2: Propensities to Consume and Save17 slides
Flashcards Beta
30 cards for quick recall of key terms and facts.
Review the cards Step 3: Not startedPractice
73 board-style questions with instant checks: Multiple choice 23, Short answer 20, Long answer 7, Numerical 7.
Practise Step 4: Not startedChapter test Free
Short and long chapter tests in board pattern, with results and analysis.
Step 5: Not started- Chapter test (long) — Aggregate Demand, Consumption and Saving · 40 marks · 100 min
- Chapter test (short) — Aggregate Demand, Consumption and Saving · 20 marks · 50 min
Topics 4
- Ex ante (planned) and ex post (realised) demand; effective demand
- Aggregate demand and its components (C + I + G + X - M) and aggregate supply
- Propensity to consume: APC and MPC; consumption function
- Propensity to save: APS and MPS; APC + APS = 1 and MPC + MPS = 1