Difference between revisions of "Aggregate demand"
Jump to navigation
Jump to search
| Line 1: | Line 1: | ||
| − | Aggregate Demand is the total amount of goods and services demanded by consumers at a given price level. It is represented by the [[Aggregate demand curve]].<ref>http://www.investopedia.com/terms/a/aggregatedemand.asp</ref> | + | Aggregate Demand is the total amount of goods and services, or [[Gross domestic product]] demanded by consumers at a given price level. It is represented by the [[Aggregate demand curve]].<ref>http://www.investopedia.com/terms/a/aggregatedemand.asp</ref> |
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
Revision as of 14:47, November 14, 2008
Aggregate Demand is the total amount of goods and services, or Gross domestic product demanded by consumers at a given price level. It is represented by the Aggregate demand curve.[1]