Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
Sagot :
Policymakers who manage monetary and fiscal policy and desire to offset the impacts on output of an economic contraction forced by a shift in aggregate supply could use policy to shift Aggregate demand to the right.
What is Aggregate demand?
Aggregate demand or domestic final demand exists as the total demand for final goods and services in an economy at a provided time. It is often named effective demand, though at other moments this term stands distinguished. This exists the demand for the gross domestic product of a country. Aggregate demand exists as a phrase used in macroeconomics to represent the total demand for goods produced domestically, including consumer goods, services, and capital goods.
Aggregate demand exists as the total amount of goods and services in an economy that consumers stand willing to expend within a certain period. Aggregate demand is estimated as the sum of consumer spending, investment spending, government spending, and the distinction between exports and imports. Aggregate supply exists as the total quantity of output firms will produce and sell—in other terms, the real GDP. The upward-sloping total supply curve—also understood as the short-run aggregate supply curve—demonstrates the positive connection between the price level and real GDP in the short run.
Hence, Policymakers who manage monetary and fiscal policy and desire to offset the impacts on output of an economic contraction forced by a shift in aggregate supply could use policy to shift Aggregate demand to the right.
To learn more about Aggregate demand refer to:
https://brainly.com/question/1490249
#SPJ4
We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.
