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Aggregatedemand
Essay specific features
Written by:
Don M
Date added:
December 3, 2014
Level:
University
Grade:
A
No of pages / words:
3 / 566
Was viewed:
955 times
Rating of current essay:
Essay content:
If this decreases we would see an increase in the amount people are saving. During a boom people would be spending money, but in a recession they will save- less people will be buying houses so the demand is decreasing. Similarly, if the 'X' Exports of goods and services decreases for example,and export sales from the UK decrease, production in exporting industries will decrease, so the national output and also the incomes of those people who work in these industries decreases...
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However, due to the recession the prices are decreasing, so there is less 'Investment' into property.
House prices are now becoming unaffordable to the first time buyers. It is becoming increasingly difficult for first time buyers to get on the property ladder. This is mainly due to the rise in house price to income ratio...
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