Aggregate demand represents the sum of the demands by all purchasers of goods and services in an economy, including consumers, businesses, governments, and foreign buyers. It includes all types of purchases made within the economy, including imports and exports.

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Aggregate Demand

Question 52

Multiple Choice

Aggregate demand

A) Represents the sum of the demands by all purchasers of goods and services in an economy
B) Is comprised of the purchases of goods and services only by consumers
C) Excludes imports and exports
D) Assumes that governments do not purchase goods and services
E) None of the above

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