Interpreting the aggregate demand/aggregate supply model

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added blog Financial Services

2023-03-08 17:45:51 -

Key points The aggregate demand/aggregate supply model is a model that shows what determines total supply or total demand for the economy and how total demand and total supply interact at the macroeconomic level. Aggregate supply is the total quantity of output firms will produce and sell—in other words, the real GDP. Aggregate demand is the...

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