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Aggregate Demand and Monetary Policy
EIA1002 - Microeconomics I
4 Pages • Essays / Projects • Year Uploaded: 2021
What Is Aggregate Demand? Aggregate demand is the relationship between the quantity of real GDP demanded and the price level when all other influences on expenditure plans remain the same. What is Monetary Policy? Monetary policy is a tool used by the central bank of a country to control the quantity of money and interest rates in order to avoid inflation
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