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 AD curve
A
level of planned demand for real output consistent with a particular price level
3
Q
exports - imports
A
current account balance of the balance of payments
4
Q
define govt spending
A
expenditure by central and local govt on goods and services
