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What consumption means

What consumption means

Aggregate demand is total planned spending on goods and services in an economy over a period of time. The standard identity is AD=C+I+G+(X−M)AD = C + I + G + (X - M)AD=C+I+G+(X−M), and consumption is the household spending part.

2.2.2 Consumption (C) Lesson

  1. A Level
  2. /Economics
  3. /2.2.2 Consumption (C)