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What does the term "aggregate demand" represent in macroeconomics?
  • a)
    The total supply of goods and services in the economy.
  • b)
    The total demand for goods and services by individuals.
  • c)
    The overall demand for goods and services in the economy.
  • d)
    The demand for specific products by firms.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What does the term "aggregate demand" represent in macroecon...
Aggregate demand refers to the total demand for goods and services in the entire economy, including consumption, investment, government spending, and net exports.
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What does the term "aggregate demand" represent in macroeconomics?a)The total supply of goods and services in the economy.b)The total demand for goods and services by individuals.c)The overall demand for goods and services in the economy.d)The demand for specific products by firms.Correct answer is option 'C'. Can you explain this answer?
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