Aggregate Demand

Aggregate Demand - the aggregate demand and aggregate...

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Aggregate Demand (AD) Curve In macroeconomics, the focus is on the demand and supply of  all  goods and services produced by  an economy. Accordingly, the demand for all individual goods and services is also combined and  referred to as  aggregate demand . The supply of all individual goods  and services is also combined  and referred to as  aggregate supply . Like the demand and supply for individual goods and services, 
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Unformatted text preview: the aggregate demand and aggregate supply for an economy can be represented by a schedule, a curve, or by an algebraic equation The aggregate demand curve represents the total quantity of all goods (and services) demanded by the economy at different price levels . An example of an aggregate demand curve is given in Figure 1 . Figure 1 An aggregate demand curve...
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This note was uploaded on 11/18/2011 for the course ECO 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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Aggregate Demand - the aggregate demand and aggregate...

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