Contemporary Factors - Aggregate Demand Flashcards
1
Q
Disposable Income
A
Trend: rising, and there is also small rises in real wage growth.
2
Q
Interest Rates
A
4.10% - Interest Rates remain high however there has been a slight decrease.
3
Q
Consumer Confidence
A
Trend: Since 2024 there has been a reversal in the downward trend, consumers are becoming more optimistic / less pessimistic
4
Q
Business confidence
A
Trend: steady
5
Q
Exchange Rates
A
Trend: AUD has been depreciating
6
Q
Rates of economic growth overseas
A
Trend: Global growth has been flat
