Aggregate Demand Flashcards
1
Q
What is Aggregate demand
A
The total value of expenditure on goods and services in the economy at any particular price level.
2
Q
What are the components of Aggregate demand
A
AD=C+I+G+(X-M)
What is Aggregate demand
The total value of expenditure on goods and services in the economy at any particular price level.
What are the components of Aggregate demand
AD=C+I+G+(X-M)