4. Determinants of aggregate demand
The graph below is associated with a hypothetical country. Consider a decrease in aggregate demand (AD). Specifically, aggregate demand shifts to the left from AD₁ to AD₂, causing the quantity of output demanded to fall at each price level. For instance, at a price level of 140 , output is now $200 billion, where initially it was $300 billion.
The following table lists several determinants of aggregate demand.
Fill in the missing values in the table by selecting the change in each scenario required to decrease aggregate demand.
1. INCREASE OR DECREASE
2. APPRICIATE OR DEPRICIATE
3. INCREASE OR DECREASE
4. DECREASE OR INCREASE