Differentiate between Aggregate Demand and Aggregate Supply.
Differentiate between Aggregate Demand and Aggregate Supply.
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Aggregate Demand: It refers to total value of final goods and services which all the sectors of an economy are planning to buy at a given level of income during a period of an accounting year.
Aggregate Supply: It refers to money value of goods and services that all the producers are willing to supply in an economy in a given time period.
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