Difference between revisions of "Aggregate demand curve"
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| − | [[Aggregate demand curve]] is the negative | + | [[Aggregate demand curve]] is the negative relationship between the price level and the aggregate quantity of output demanded that arises from the interaction between the goods market and the money market. |
==Definition== | ==Definition== | ||
According to [[Macroeconomics by Mankiw (7th edition)]], | According to [[Macroeconomics by Mankiw (7th edition)]], | ||
| − | :[[Aggregate demand curve]]. The negative | + | :[[Aggregate demand curve]]. The negative relationship between the price level and the aggregate quantity of output demanded that arises from the interaction between the goods market and the money market. |
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 15:46, 1 July 2020
Aggregate demand curve is the negative relationship between the price level and the aggregate quantity of output demanded that arises from the interaction between the goods market and the money market.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Aggregate demand curve. The negative relationship between the price level and the aggregate quantity of output demanded that arises from the interaction between the goods market and the money market.
