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What is the study of the nation's economy?
Macroeconomics is the study of a nation's economy. (Aggregate demand, aggregate supply, GDP, economics growth, inflation etc are all terms used in macroeconomics to describe one economy on its own)
What is Macroeconomic?
Macroeconomic deals with the functioning of the economy as the whole. It is concerned with economy wide issues such as unemployment, inflation, and economics growth/development; it is the study of economics from a broad perspective of the resources and factors of production in an economy.
What is The total demand for goods and services in an economy known as?
The total demand for goods and services in an economy is known as aggregate demand. It represents the total amount of expenditure on the economy's output at a given price level and includes consumption, investment, government spending, and net exports. Aggregate demand is a crucial concept in macroeconomics, as it helps analyze economic performance and the effects of fiscal and monetary policies.
Does low aggregate demand make the economy weak?
what makes the economy weak
How does the leakages and injections in the aggregate expenditure model influence the level of GDP of an economy?
How does the leakages and injections in the aggregate expenditure model influence the level of GDP of an economy?
What is the study of the nation's economy?
Macroeconomics is the study of a nation's economy. (Aggregate demand, aggregate supply, GDP, economics growth, inflation etc are all terms used in macroeconomics to describe one economy on its own)
Distinguish between Microeconomics and Macroeconomics?
Microeconomics means to study the individual economy while in macroeconomics we study the aggregate economy.
What is Macroeconomic?
Macroeconomic deals with the functioning of the economy as the whole. It is concerned with economy wide issues such as unemployment, inflation, and economics growth/development; it is the study of economics from a broad perspective of the resources and factors of production in an economy.
In a mixed economy what are aggregate expenditures comprised of?
mixed economy means
Does low aggregate demand make the economy weak?
what makes the economy weak
How does the leakages and injections in the aggregate expenditure model influence the level of GDP of an economy?
How does the leakages and injections in the aggregate expenditure model influence the level of GDP of an economy?
What is meant by aggregate demand and aggregate supply?
Aggregate simply means a collection of things. So aggregate demand is the total quantity of an economy's final good and services demanded at different price levels. Aggregate supply is the total quantity of final goods and services that firms in the economy want to sell at different price levels. These are used primarily in Macroeconomics to calculate how the economy is doing as a whole.
Most economists use the aggregate demand and aggregate supply model primarily to analyze?
Short-run fluctuations in the economy
If the economy is experiencing a recessionary GDP gap then aggregate?
The aggregate demand must be increased so that producers can sell more goods.
What determine the aggregate level of consumption in an economy?
Biscuit and cream biscuit
What of these describes a weak economy?
Aggregate demand is low
What is aggregate demand'?
the total demand for final goods and services in the economy
