Aggregate Demand
Subject: Economics | Topics:

Aggregate Demand is the total amount of goods in addition to services demanded for the overall design at a offered overall price level and in a given time period of time. It is represented from the aggregate demand curve, which describes the connection between price levels and how much output that firms are able to provide. Normally we have a negative relationship in between aggregate demand along with the price level. Also referred to as “total spending”.

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