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Module 1: Economic activity

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Economics - Aggregate demand

Aggregate demand

Aggregate demand is the total level of planned spending on goods and
services. As a consequence, it includes spending on exports and excludes
spending on imports.

English economist, John Maynard Keynes, was the first person to examine in
detail the concept of total spending in an economy. He called this concept
Aggregate Demand, which he divided into certain components
(categories/groups) of spending.

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