In economics, aggregate demand is the total demand for goods and services in the economy during a specific time period. It is often called effective demand. Put another way, it is the demand for the gross domestic product of a country (the total new production sold through the market). Thi...
Note: In an aggregate the particulars are less intimately mixed than in a compound. 2. (Physics) A mass formed by the union of homogeneous particles; -- in distinction from a compound, formed by the union of heterogeneous particles. In the aggregate, collectively; together. Meaning of In ...
Therefore, our objective is to try and show the scholars of the field that the macro-economic problems must be viewed in this light, and not through the static scheme used so far. The equilibrium is met not only when the aggregate demand and aggregate supply curves are met, meaning when ...
Home›Economics›Macroeconomics›What is Aggregate Demand? Definition:Aggregate demand (AD) represents the amount of totaldemandfor an economy’s finished goods and services during a specified period at a given price level. What Does Aggregate Demand Mean?
Agglomerate (from the Latin agglomerare meaning "to form into a ball") is a coarse accumulation of large blocks of volcanic material that contains at least 75% bombs. Volcanic bombs differ from volcanic blocks in that their shape records fluidal surfaces: they may, for example, have ropy, ...
The marginal propensity to consume is often graphed as a straight line, meaning that the percentage of income used for consumption does not change with increases in income (though both the straight-line and my curve are schematic). I disagree with this depiction, because the marginal utility of...
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook coarse aggregate [′kȯrs ′ag·rə·gət] (materials) Crushed stone or gravel used in concrete; will not, when dry, pass through a sieve with ¼-inch-diameter (6-millimeter) holes. ...
What is the meaning of derived demand in economics? What is ceteris paribus in economics? What effect does private savings have on aggregate demand and supply? What is the demand curve for money? How is it determined? What does aggregate mean in economics? 1-What is ?effective demand? accor...
The Aggregate Demand formula is AD = C+I+G+NX. It may look familiar because it is the same formula used to calculate nominal GDP. Each component of this formula is called anaggregate demand determinant. Meaning that they determine what the aggregate demand is, and a change in any one com...
For this reason, many studies instrument for aid, meaning that they first estimate aid flows on the basis of factors unrelated to governance outcomes, and then use the results of this first regression to estimate the impact of aid on governance. Studies that attempt to deal with endogeneity ...