Answer the next six questions on the basis of the following diagram.

-If aggregate demand moves from AD₁ to AD₂:

Name: Answer the next six questions on the basis of the following diagram. -If aggregate demand moves from AD 1 to AD 2 :
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Question

Answer the next six questions on the basis of the following diagram. -If aggregate demand moves from AD₁ to AD₂:

Quizplus · Accepted Answer

Real output increases because aggregate demand is the total demand for goods and services in an economy. When aggregate demand increases, businesses produce more goods and services to meet the increased demand, which leads to an increase in real output.

Answer the Next Six Questions on the Basis of the Following