The Aggregate Demand for goods and services
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True or false and explain: The Aggregate Demand for goods and services in an economy must at every moment equal the value of Real Gross Domestic Product because both are defined to be the sum of (C+I+G+X-IM).
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Solution Summary
The Aggregate Demand for goods and services in an economy is demonstrated.
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False.
Both are defined to be the sum of C + I + G + X - M.
But there is a difference: GDP counts ...
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