aggregate demand 1
noundomain: natural proc.
EnWordnet [ver.5.0]
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EnglishDefinition
In macroeconomics, the total demand for final goods and services in the economy at a given time and price level.
Examples
- 1.Schools of economics agree that during a time of economic downturn, government should cut taxes to increase aggregate demand.
- 2.The decline in Japan has been sharper than in Europe or North America, mostly because global demand for the country's products, such as automobiles and electronics, has fallen.
Synonyms
- global demand 1
In macroeconomics, the total demand for final goods and services in the economy at a given time and price level.
