kevinchicass kevinchicass
  • 10-12-2020
  • Business
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What is the relationship between aggregate supply, aggregate demand , and gross domestic product?

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izabela0martinez
izabela0martinez izabela0martinez
  • 10-12-2020
Aggregate demand over the long-term equals gross domestic product (GDP) because the two metrics are calculated in the same way. GDP represents the total amount of goods and services produced in an economy while aggregate demand is the demand or desire for those goods
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