Aggregate demand is a schedule or curve that shows the amount of a nation's output (real GDP) that buyers collectively desire to purchase at each possible price level.
What is Aggregate demand?
- Refers to the summation of goods and services that an economy produced at an available price.
- Aggregate demand is concerned with the finished goods in an economy
- Government expnses on education funding for example increases aggregate demand.
Hence, we can conclude that aggregate demand is a schedule or curve that shows the amount of a nation's output (real GDP) that buyers collectively desire to purchase at each possible price level.
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