Aggregate Demand - Video

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Aggregate demand is one of the central concepts in macroeconomics. It is used to analyse changes in economic output and indicate the likely impact on other economic goals such as inflation, unemployment, budget balance and the balance of trade. Made up of consumption spending, investment spending, government spending and the balance of trade, aggregate demand measures the total value of spending within an economy over a period of time.

This video will take you through drawing the aggregate demand curve and the sorts of changes that might lead to a shift in the AD curve.

 

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