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In macroeconomics, _____________________ denotes the relationship between the total quantity of goods and services and the price level for output. macroeconomic equilibrium aggregate supply (AS) aggregate demand (AD) potential GDP

Respuesta :

aggregate demand (AD)

Aggregate demand is the relationship between the total quantity of goods and services demanded (from all the four sources of demand) and the price level, all other determinants of spending unchanged. The aggregate demand curve is a graphical representation of aggregate demand.

What is Aggregate Demand ?

Aggregate demand is a macroeconomic term that represents the total demand for goods and services at any given price level in a given period.

  • Aggregate demand over the long term equals gross domestic product (GDP) because the two metrics are calculated in the same way.

  • Aggregate demand is the sum of four components: consumption, investment, government spending, and net exports.

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