what is aggregate Demand and what's the components?
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Aggregate demand is the sum of four components. consumption, investment, government spending and net exports. consumption can change for a number of reason, including movements in income, taxes, expectations about future income and changes in wealth levels
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HERE IS YOUR ANSWER: "The law of demand says people will buy more when prices fall. The demand curve measures the quantity demanded at each price. The five components of aggregate demand are consumer spending, business spending, government spending, and exports minus imports. The aggregate demand formula is AD = C + I + G +(X-M)" .
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