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-The accompanying figure illustrates an example of text._________________________
Aggregate Demand
The aggregate need for every good and service within an economy, measured at a certain fixed price level during a specific time frame.
Aggregate Supply
Aggregate supply is the total supply of goods and services that firms in a national economy plan on selling during a specific time period, under a given price level.
Aggregate Production
The total amount of goods and services produced within an economy at a given overall price level in a given period.
Aggregate Purchases
The total amount spent by consumers, businesses, and the government on goods and services within a particular period.
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