"Effective demand is different from aggregate demand". This statement is:
A)True
B)False
C)Baseless
D)None of these

Name: "Effective demand is different from aggregate demand". This statement is: A)True B)False C)Baseless D)None of these
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Effective demand refers specifically to the level of demand for goods and services in the economy at current price levels, while aggregate demand encompasses the total demand for all goods and services in an economy. Thus, they are not identical concepts.

"Effective Demand Is Different from Aggregate Demand