Explain why, in the condition for equilibrium, aggregate demand equal aggregate supply would be same if we say total leakages must equal to total injections.
Added by David P.
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On the other hand, aggregate supply (AS) represents the total amount of goods and services that producers are willing to supply at a given price level. For an economy to be in equilibrium, the total amount of goods and services demanded (AD) must be equal to the Show more…
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