Economy, asked by kbhansali7920, 10 months ago

Explain aggregate demand in open and closed economy.

Answers

Answered by simmujosan

Explanation:

There actually are simple... In a open ( usual) economy the Aggregate Demand ( AD), which is the demand of all the markets, is reduced to consumption ( C ), investment ( I ), government spending (G) , net exports or in other words exports minus imports ( X-M). AD= C+I+G+X-M .

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