What is meant by Effective Demand
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Effective demand. Effective demand refers to the willingness and ability of consumers to purchase goods at different prices. ... In Keynes's macroeconomic theory, effective demand is the point of equilibrium where aggregate demand = aggregate supply.
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Effective Demand. Effective demand is a representation of the actual amount of goods or services that buyers are purchasing in a given market. ... Effective demand is a reflection of the extent to which buyers' income, perceptions and needs combine to result in an actual purchase rather than a mere desire to purchase.
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