an decrease in the value of the dollar will group of answer choices decrease aggregate supply. increase aggregate demand. increase aggregate supply. decrease aggregate demand.

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04-11-2022
Business

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an decrease in the value of the dollar will group of answer choices decrease aggregate supply. increase aggregate demand. increase aggregate supply. decrease aggregate demand.

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Yogeshkumari Yogeshkumari · Answer 1 · 2022-11-14T01:49:24-05:00

Decrease in the value of the dollar will increase aggregate demand. Aggregate demand is a measure-ment of the total amount of dem-and for all finished goods and services prod-uced in an economy.

What is Aggregate Demand?

Aggregate demand is express-ed as the total amo-unt of money exchanged for those goods and ser-vices at a spec-ific price level and point in time.

Aggregate demand is a macro-economic term that represents the total dem-and for goods and services at any gi-ven price level in a given period. Aggregate demand over the long term equ-als gross domestic product (GDP) beca-use the two metrics are cal-culated in the same way.

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