1. Noun
The total amount households, firms and government want to spend in an economy.
The total planned expenditure on goods and services in an economy at a given price level.
“A fall in consumer confidence reduced aggregate demand.”
2. Noun
In macroeconomics, the total demand for final goods and services in the economy at a given time and price level.; "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."; "Schools of economics agree that during a time of economic downturn, government should cut taxes to increase aggregate demand."
Vocabulary classified under Economics
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