aggregate demand Flashcards
1
Q
define aggregate demand
A
the total level of planned real expenditure on UK produced goods and services
2
Q
define aggregate demand
A
the total level of planned real expenditure on UK produced goods and services
3
Q
define aggregate demand curve
A
shows the level of planned demand for real output consistent with a particular price level
4
Q
define exports - imports
A
currency account balance of the balance of payments
5
Q
define government spending
A
expenditure by central and local government on goods and services
