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19 May, 07:09

If aggregate demand (ad and nominal gdp (gdp increase while the price level is constant, we would conclude that:

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  1. 19 May, 07:12
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    If the aggregate demand is increasing while the price level remains constant, it means that the spending and consumption in a macroeconomic setting is increasing. Given the constant range prices, consumers are now able to spend more therefore pushing the demand higher.
  2. 19 May, 07:12
    0
    An increase in aggregate demand indicates a good economy having low prices of goods that are consumed by the people. Low unemployment rate and a well-managed government expenditure is part of an increase in aggregate demand.

    The gross domestic product on a nominal basis is the total economic standing of a country an increase would tell that there is a significant improvement in the economy.
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