Overview
Aggregate demand is a key concept in economics that represents the total demand for goods and services within an economy. It is influenced by various factors, including consumer spending, investment, government policies, and net exports. Understanding aggregate demand is crucial for analyzing econom...
Key Terms
Example: An increase in consumer spending raises aggregate demand.
Example: A lower interest rate encourages more loans.
Example: The Federal Reserve adjusts interest rates to control inflation.
Example: An increase in GDP indicates economic growth.
Example: High inflation can erode purchasing power.
Example: Increased consumer spending boosts aggregate demand.