Define Aggregate Demand.
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aggregate demand: Aggregate demand is the overall demand for all goods and services in an entire economy. It's a macroeconomic term that describes the relationship between everything bought within a country and prices. Everything purchased in a country is the same thing as everything produced in a country.
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here is your answer,,,,
aggregate demand: Aggregate demand is the overall demand for all goods and services in an entire economy. It's a macroeconomic term that describes the relationship between everything bought within a country and prices. Everything purchased in a country is the same thing as everything produced in a country.
hope it helps you!!!
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Explanation:
Aggregate Demand or Domestic Final Demand in macroeconomics is at a given time the aggregate demand for final goods and services in an economy. Active demand is often named, although this concept is differentiated at other times. This is a country's demand for the gross domestic product (GDP).
For example if Interest rates are falling, then the resulting in higher actual balances will be kept by the government. This shift the boosts aggregate demand, which increases the revenue and expenditure balance. Similarly, the demand curve would shift to the left if the monetary supply declines.
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