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How is utility maximized
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The main reason for aggregate demand to shift is because of tax cut, investment or new sources, government spending more money and net export.
what is aggregate demand?
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The components of GDP is responsible for the shift in demand. Right or left either way.
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GDP is responsible for the shift in demand. Right or left either way
GDP is responsible for the shift in demand. Right or left either way
When the consumption of the Government increases, Aggregate demand will also increase leading a shift to the right but when the expenditure of the government decreases , the aggregate demand will also decreases causing a shift to the left.