AS Paper 2, June 2023The UK Economy – Performance and Policies
AS Paper 2, June 2023, Q4(c)
Annotate the aggregate demand (AD) and aggregate supply (AS) diagram below to show the likely impact of a fall in business investment on the equilibrium level of real output and the price level.
Short answerAnnotate2 marks
Context
The table below shows the UK business investment, in £ billions, 2019 and 2020. Business Year investment (£ billions)
Original diagram required. See the original question paper for the diagram.