Distinguish between aggregate demand and aggregate supply
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ad is the demand from the market
and as is the supply for the market
and as is the supply for the market
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AGGREGATE DEMAND:
Aggregate demand is an economic measurement of the total amount of demand for all finished goods and services produced in an economy.
AGGREGATE SUPPLY:
Aggregate supply, also known as total output, is the total supply of goods and services produced within an economy at a given overall price in a given period.
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