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Card 1 of 24

What is the definition of Aggregate Demand (AD)?

A

The total planned expenditure on all goods and services produced within an economy at a given price level over a given period of time.

B

The total actual expenditure on all goods and services produced within an economy at every price level over a given period of time.

C

The total planned production of all goods and services supplied within an economy at a given price level over a given period of time.

D

The total planned expenditure by households on all goods and services produced within an economy at a given price level over a given period of time.

Card 1 of 24

Aggregate demand Flashcards

  1. A Level
  2. /Economics
  3. /Aggregate demand

24 flashcards on OCR A Level Economics Aggregate demand: the key terms, economic models and case studies you need to recall for Component 01, Component 02 and Component 03.

Flashcards