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13 cards from this deck
Total quantity of goods & services demanded in an economy
AD=C+I+G+(X−M)AD = C + I + G + (X - M)AD=C+I+G+(X−M)
Consumption
Investment
Government spending
Net exports (exports minus imports)
Total output firms willing & able to produce at given price level
Upward sloping
Vertical
Output determined by resources, tech & institutions, not price
Equilibrium price level and output
Where AD intersects SRAS
Where AD intersects LRAS
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