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4 Cards in this Set
- Front
- Back
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Aggregate |
The sum or total. |
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Aggregate demand |
The total of all demands or expenditures in the economy at any given price. |
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Aggregate demand curve |
Shows the relationship between the price level and equilibrium national income. As the price level rises the equilibrium level of national income falls. |
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Domestic economy |
The economy of a single country. |
