Aggregation of individual demand to total demand - Hutchinson encyclopedia article about Aggregation of individual demand to total demand Printer Friendly
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aggregate demand
(redirected from Aggregation of individual demand to total demand)

    Also found in: Wikipedia 0.06 sec.

aggregate demand

The total demand for goods and services in the economy. When aggregate demand or spending falls over a period of one to two years, the economy tends to go into recession, while a rise in aggregate demand tends to lead to booms in the economy.



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