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Explain the Relationship Between the Aggregate Expenditures Model in Graph

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Essay

Explain the relationship between the aggregate expenditures model in graph (A)below and the aggregate demand model in graph (B)below.In other words,explain how points 1,2,and 3 are related to points 1',2',and 3'.
Explain the relationship between the aggregate expenditures model in graph (A)below and the aggregate demand model in graph (B)below.In other words,explain how points 1,2,and 3 are related to points 1',2',and 3'.


Definitions:

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Comparison Shop

The practice of comparing prices and characteristics of similar products or services in different outlets before making a purchase.

Market Research

The process of gathering, analyzing, and interpreting information about a market, including information about the target market, customers, and competitors.

Marketing Efforts

Actions taken by a company to promote its products or services to reach its target audience and achieve marketing goals.

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