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Write Short Note On: Effective Demand - Economics

Short Note

Write Short note on:

Effective Demand

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Solution

Effective demand is defined as the total expenditure incurred by all people in an economy on the various goods and services produced in an economy over a given period of time. It is determined by the intersection of aggregate demand and aggregate supply.

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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 10 Determinants of Aggregates
Exercise | Q 2.1 | Page 94
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