Aggregate Demand is the total value of real GDP that all sectors of the economy are willing to purchase at various price levels. One of the components of GDP that contributes to aggregate demand is consumption. ... We see these factors drive the change in consumption in some of the causes of the Great Depression and the aggregate demand curve shifts to the left. ... Our tariffs reduced imports--shifting demand from imports to domestic--but the retaliatory tariffs reduced Exports (but also raising prices)--decreasing foreign demand for domestic products. ... The government intervention made thi...

• Word Count: 707
• Approx Pages: 3
• Has Bibliography
• Grade Level: High School