Aggregate Demand and Supply
Aggregate Demand and Supply” Please respond the following:
- Image that the mayor has hired you as a consultant to evaluate the increase in aggregate demand in the city where you live. Describe to the mayor one (1) aggregate demand and supply factor that would have the greatest impact on the economy of your city. Provide a rationale for your response.
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Aggregate demand refers to the total amount of services and goods which the consumers have the willingness to buy in an economy during a given period. It thus reflects the consumer’s economic power in a given period of time. There are various aggregate demand and supply factors that can have an impact on the economy of a city which includes changes in taxes…
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