- Refer to Figure 11.3.Assume aggregate demand is represented by AD1 and full-employment output is $5.6 trillion.The aggregate demand excess is equal to the distance between
Definitions:
Debt Ratio
A financial ratio that measures the extent of a company’s leverage, calculated by dividing its total debt by its total assets.
Total Liabilities
The aggregate of all debts and financial obligations owed by an entity to outside parties at a given point in time.
Total Equity
The value remaining in a company after all liabilities have been subtracted from assets, representing the ownership interest in the firm.
Total Assets
The sum of all resources owned by an entity, including cash, investments, equipment, and property, as recorded on the balance sheet.
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