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The Aggregate Expenditures Model: MV5BOWU4NjE3ZTYtZTc3My00Yjc2LTljMWEtOTU2…
The Aggregate Expenditures Model: 
Equilibrium GDP
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occurs where the total quantity of goods produced (GDP) equals the total quantity of goods purchased
Schedules and curves
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A table of numbers showing the total amount spent of final goods and final services at different levels of real gross domestic product
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Privatized economy
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A private open economy consists of households ,business, government and international trade
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Spending
Consumption is the spending by households on goods and services, excluding new housing
Investment spending is money spent on capital goods, or goods used in the production of capital, goods, or services
Great Depressions massive unemployment of labour and capital caused by firms reacting in a predictable way to unplanned increases in inventory