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Questions
What is meant by aggregate demand?
What is ‘aggregate demand’ in macroeconomics?
What is AD?
What is Aggregate Demand?
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Solution 1
Aggregate demand is the aggregate expenditure that different sectors of the economy are willing to incur during a particular period of time.
Solution 2
- Aggregate demand means the total quantity demanded for goods and services by all the consumers of a country at a given price.
- Aggregate demand is the total amount of goods and services demanded in the economy. It refers to the desired, intended or planned ‘ex ante’, which means ‘beforehand’ demand or spending by the people.
Notes
Students should refer to the answer according to their question and preferred marks.
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