Mismatches between aggregate supply and aggregate demand cause recessions and expansions.

Name: Mismatches between aggregate supply and aggregate demand cause recessions and expansions.
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When there is a mismatch between aggregate supply and aggregate demand, it can lead to an economic downturn, known as a recession. Conversely, when there is excess demand compared to available supply, it can lead to an economic upturn or expansion. This is a key concept in macroeconomics.

Mismatches Between Aggregate Supply and Aggregate Demand Cause Recessions and Expansions