Edexcel A-level Economics Paper 2
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Edexcel A-level Economics Paper 2 Macroeconomics - Answer-The study of the economy as a whole, including inflation, growth and unemployment. Aggregate demand - Answer-The total of all demands or expenditures in the economy at any given price. Aggregate demand curve - Answer-Shows the relationship between the price level and equilibrium national income. As the price level rises the equilibrium level of national income falls. Animal spirits - Answer-Business confidence: the mood of man...