Aggregate demand and Supply:
In vast sense aggregate demand (or AD) and aggregate supply (or AS) means global demand and global supply.
Aggregate Demand:
A demand exists only if someone is writing and able to pay for the goods.
^ Sexton, Robert; Fortura, Peter (2005). Exploring Economics. ISBN 0176414827. "THIS IS THE SUM OF THE DEMAND FOR ALL FINAL GOODS AND SERVICES IN THE ECONOMY. IT CAN ALSO BE SEEN AS THE QUANTITY OF REAL GDP DEMANDED AT DIFFERENT PRICE LEVELS."
The ability and willingness to buy specific quantities of a goods at alternative prices in a given time period.
AD has four components:MOre..................Download
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