Macroeconomics For Dummies

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Can someone explain aggregate demand and aggregate supply macroeconomics equilibrium?

please dummy this down for me

Aggregate just means total

I think macro equilibrium is when ag supply = ag demand.

Don't worry if it doesnt make sense. This theoretical model only makes sense in a "perfect market", which is fundamental to most economic musings, but which ironically at the same time is an impossibility.

Macroeco for Dummies: The Cobb-Douglas Production Function


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