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in Economics by (52.4k points)

What do you understand by Aggregate Demand ?

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Aggregate Demand is the Total Demand of all Final Goods and Services by all the Consumers of the Economy at given Price Level.

Aggregate Demand (A.D.) = C + I + G + N.E.

Here C = Private Consumption

I = Private Investment

G = Government Expenditure

N.E. = Net Exports

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