Total demand for goods and services in the economy. Comprises demand from firms and government for investment goods, demand from local and central government for goods and services, demand from consumers and firms in other countries for goods and services such as exports.
is the sum of the demands for current output by each of the buying sectors of the economy: households, businesses, the government, and foreign purchasers of exports. The aggregate demand curve measures the demand for total output at each value of the aggregate price level. The aggregate supply curve is the macroeconomic analog to the individual market supply curve, which shows the output forthcoming at each level of product price. The aggregate supply curve shows the total output firms will supply at each value of the aggregate price level.
In Canada, aggregate demand is the demand for Canadian-produced goods and services from all sources, including households, firms, governments, and foreigners' demand for Canadian products. Aggregate demand is the sum of planned consumption, investment, government purchases, and net exports.
(Also known as aggregate expenditure). The total final demand for goods and services in an economy during a period of time. It comprises household consumption expenditure (C), investment in capital goods and stock changes (I), government consumption expenditure (G), and exports less imports (X-M). Symbolically, aggregate demand (Y) can be expressed as: Y = C + I + G + (X-M) Assets. Ownership of machinery, equipment, furniture, buildings and other durable reproducible goods, stocks of non-durable goods, land, and other non-reproducible tangible assets; as well as copyrights, leases, concessions, financial claims on other parties, and other intangible assets.
Source: Economics: Principles & Practices Definition: the total quantity of goods and services demanded at different price levels (p.444) Source: Congressional Budget Office Definition: Total purchases of a country's output of goods and services by consumers, businesses, government, and foreigners during a given period. Compare with domestic demand.
Aggregate demand is the total level of demand in the economy. The aggregate demand curve shows the demand at every price level.It is always a downward sloping curve since there will be less demand at higher price levels.
Total demand for goods and services in the economy. It includes private and public sector demand for goods and services within the country and the demand of consumers and firms in other countries for good and services.
In economics, aggregate demand is the total demand for goods and services in the economy (Y) during a specific time period. An aggregate demand curve is the sum of individual demand curves. The aggregate demand function is represented as : Yd= C+I+G+NX.