- The total supply of all the goods and services in an economy. J. M. Keynes made aggregate demand the focus of macroeconomics; however, since the 1970s many economists have questioned the importance of aggregate demand in determining the health of an economy, suggesting instead that governments should concentrate on establishing conditions to encourage the supply of goods and services. This could entail deregulation, encouraging competition, and removing restrictive practices in the labour market.
Big dictionary of business and management. 2014.
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Aggregate supply — In economics, aggregate supply is the total supply of goods and services produced by a national economy during a specific time period. There are at least three different versions of this concept.1. Sometimes the Z curve in the Keynesian cross… … Wikipedia
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aggregate supply — /ˌægrɪgət sə plaɪ/ noun all goods and services on the market ● Is aggregate supply meeting aggregate demand? … Marketing dictionary in english
aggregate supply — /ˌægrɪgət sə plaɪ/ noun all goods and services on the market ● Is aggregate supply meeting aggregate demand? … Dictionary of banking and finance
Aggregate Supply — Total supply of goods and services in the economy available to meet aggregate demand. The supply consists of domestically produced goods and imports … Financial and business terms
aggregate supply — total supply of goods and services in a national economy that can be used to satisfy aggregate demand … English contemporary dictionary
aggregate supply — Econ the total of all goods and services produced in an economy … The ultimate business dictionary
Lucas aggregate supply function — The Lucas aggregate supply function or Lucas surprise supply function, based on the Lucas imperfect information model, is a representation of aggregate supply based on the work of new classical economist Robert Lucas. The model states that… … Wikipedia
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Aggregate demand — This article is about a concept in macroeconomics. For microeconomic demand aggregated over consumers, see Demand curve. In macroeconomics, aggregate demand (AD) is the total demand for final goods and services in the economy (Y) at a given time… … Wikipedia