Quote

see Aggregate Demand

Where: I = Total Investment

Important distinction

I = Total Investment = Planned Investment

Investment on it’s own is just the “stock of investnent?”#ask_davis maybe

X-axis = “Overall” levels of prices Y-axis = “Real GDP”

Movement along the curve should be written using I1 —> I2 on the x-axis to represent inflation, don’t use P. #review << movements along the curve