F582 0.0 / 5 ? EconomicsMacroeconomic indicatorsASOCR Created by: ChiamakaCreated on: 04-03-14 12:26 What is Aggregate Demand The total demand for a country's goods and services at a given price level and in a given time period 1 of 9 What are the economic agents households, firms, the government and foreigners 2 of 9 Components of AD Consumer expenditure, Investment, Government spending, Exports and Imports 3 of 9 What is consumer expenditure Spending by households on consumer products 4 of 9 What is investment Spending on capital goods 5 of 9 What are exports Products sold abroad 6 of 9 What are imports Products bought from abroad 7 of 9 What is govenrmment spending Spending by the central government and local government on goods and services 8 of 9 Formula for AD C+I+G+(X-M) 9 of 9
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