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Question
Ex-post demand is known as ______.
Options
effective demand
actual aggregate demand
planned demand
both (a) and (b)
MCQ
Fill in the Blanks
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Solution
Ex-post demand is known as effective demand and actual aggregate demand.
Explanation:
Effective demand is the actual demand for goods and services in an economy. It is an ex post concept, meaning it is based on what people actually spend, not just what they intend to spend. It reflects real (actual) aggregate demand, which may differ from planned or desired demand.
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