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aggregate demand

 
TERM OF THE DAY

aggregate demand

Total level of demand for desired goods and services (at any time by all groupswithin a national economy) that makes up the gross domestic product (GDP). Aggregate demand is the sum of consumption expenditureinvestmentexpendituregovernment expenditure, and net exports.
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Usage Example
The country's aggregate demand for oil is consistently higher than for any other good or service.
Source: BusinessDictionary.com