Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter8: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 1QP
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How do changes in expectations, fiscal
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Step 1
In macroeconomics, the total demand for final goods and services in an economy in a given time period is called aggregate demand.
Aggregate supply on the other hand is the total final goods and services that the firms in an economy is planning to sell in a given time period.
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