Difference between revisions of "Aggregate demand"
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| − | [[Aggregate demand]] [[ | + | [[Aggregate demand]] ([[AD]]) is the relationship between the total quantity of goods and services demanded and the price level for output. |
==Definition== | ==Definition== | ||
According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
| − | :[[Aggregate demand]] [[ | + | :[[Aggregate demand]] ([[AD]]). The relationship between the total quantity of goods and services demanded and the price level for output. |
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 09:14, 31 May 2020
Aggregate demand (AD) is the relationship between the total quantity of goods and services demanded and the price level for output.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Aggregate demand (AD). The relationship between the total quantity of goods and services demanded and the price level for output.
