Keynes Believed That for Aggregate Supply to Equal Aggregate Demand

question 204

Short Answer

Keynes believed that for aggregate supply to equal aggregate demand at equilibrium GDP a necessary condition was that total _______ and total _______ must be equal.

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Definitions:

Lateral

Pertaining to the side of an organism or structure, often used in medical and anatomical descriptions.

Nose

An external protrusion on the face that houses the nostrils and is associated with the sense of smell and breathing.

Respiratory Rate

The number of breaths taken per minute, an important vital sign indicating respiratory health and function.

Heart Rate

The number of heartbeats per unit of time, usually expressed in beats per minute (bpm).