Last Modified: 2011-07-14
the relationship between the price level (P) and the rel GDP (Y) supplied
Unemployment rises because we use less of our capacity (Y)
the sum of all the goods and services that individuals and enterprises and governments plan to spend.
AE=Consumptionn+Investment+(Government Spending - Net Government Taxation) + (Exports-Imports) OR AE=C+I +(G-T) + (X-M)
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