Question

the most likely outcome when both aggregate supply and aggregate demand increase is: a rise in inflation. higher employment. an increase in nominal gdp.

Answer 1

As a result, a rise in household wealth causes the aggregate demand curve to move to the right. When both aggregate supply and aggregate demand grow, the most likely conclusion is an increase in inflation.

• The entire quantity of demand for all completed products and services generated in an economy is measured as aggregate demand. The entire amount of money traded for such products and services at a certain price level and moment in time is referred to as aggregate demand.

What exactly is macroeconomic aggregate demand?

Aggregate demand is an economy's overall expenditure on domestic goods and services. The downward-sloping aggregate demand curve depicts the link between production price levels and overall economic spending.

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