Aggregate demand increases if expected future income, inflation, or profits increase. and aggregate demand rises if fiscal policy increases government expenditure.
The definition of income is the amount of money received by an individual, group, or business over a period of time. An example of income is an annual salary of $70,000. noun. What are the types of income? There are two types of income: earned income and unearned income. Earned income is money earned while actively working. B. As an employee or entrepreneur. Unearned income typically includes investments, retirement benefits, and residual income.
Family income is the money/purchasing power the family earned in a period of time and the goods and services received or produced by the family during that period (such as vegetables from the garden, services such as teaching children, and household chores). ) can be defined as (Varghese et al).
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