Advertisements
Advertisements
Question
In a simple closed economy without trade or government, aggregate demand is______.
Options
C + I + G + (X - M)
C + I
G + X
I + M
MCQ
Fill in the Blanks
Advertisements
Solution
In a simple closed economy without trade or government, aggregate demand is C + I.
Explanation:
It includes only household consumption and firm investment, excluding external trade and public spending.
shaalaa.com
Is there an error in this question or solution?
