Economics ?: What are some factors that contribute to shifts in the aggregate supply and demand in australia?

Question

I need help. Answer only if you know something about macroeconomics. What are some factors that seem to contribute to the shifts in the aggregate supply and/or demand of australia? What are the effects on prices and/or output? I NEED WEBSITES TO BACK IT UP.

Answer 1

"A change in any variable that is presumed to increase nominal GDP will shift this unit elastic demand curve to the right and any event that lowers nominal GDP will shift the schedule to the left. If you are a Keynesian a simple multiplier model such as equation (3) in Essay 1 can be used to show that an increase in government expenditure, other things equal, will shift the demand curve to the right and that an increase in taxes will shift it to the left."

This is from the University of New York at Albany website:
http://www.albany.edu/~renshaw/leading/ess08.html

It works the same in Australia as it does in the US. That webpage has lots more.

Or check it out here:
http://www.sparknotes.com/economics/macro/aggregatesupply/section3.rhtml
With useful visuals!
Enjoy!

Answer 2

The movement which is change in quantity demanded is only caused by price change so we can say its price induced whilst the shift which is change in demand is caused by non price factors affecting demand such as population increase or decrease, changes in taste and fashion i can say all the other factors affecting demand which are not price cause a shift. If consumers anticipate then more will be demanded at that existing price, note they are anticipating Price fall the price has not yet changed so consumer anticipation is manipulating demand and if you go to what i have said about the difference between the two if the change in demand is caused by only a change in price of a product that will cause movement along the same demand curve all the other factors cause a shift. Remember that the demand curve has got 2 axis the price and quantity and only the increase or decrease in price can cause movements along the curve and nothing else which is change in quantity demanded. All other changes or factors manipulating demand other than price they cause shifts which means at that same price more is being demanded.