*noun*; a concept central to the idea of Keynesian economics. Under this theory, business cycles (recessions, depressions, booms, recoveries) are caused by a failure of total demand across the entire economy to match total output.
Aggregate demand is not merely influenced by people's ability to buy what they produce; it is also influenced by the marginal propensity to consume (MPC). If the MPC is less than 1, then an increase in national income will be matched by a smaller increase in aggregate demand, causing unemployment to rise and prices to fall.
Aggregate demand is not merely influenced by people's ability to buy what they produce; it is also influenced by the marginal propensity to consume (MPC). If the MPC is less than 1, then an increase in national income will be matched by a smaller increase in aggregate demand, causing unemployment to rise and prices to fall.
...When we say that the expectation of an increased demand, i.e. a raising of the aggregate demand function, will lead to an increase in aggregate output, we really mean that the firms, which own the capital equipment, will be induced to associate with it a greater aggregate employment of labour
J.M. Keynes, *The General Theory of Employment, Interest, and Money* (1936), Ch.4
J.M. Keynes, *The General Theory of Employment, Interest, and Money* (1936), Ch.4
by Abu Yahya March 3, 2009
Get the aggregate demand mug.Trucks were showing significant damage from the excessive transportational aggregate found on highway 71.
by ataraxis July 5, 2009
Get the transportational aggregate mug.The male gender form of "crack-friend". Received in unsolicited emails from the equatorial regions of the globe where advanced, terrifying, penis-modification clinics are as routine as jacking-off with the western-phantom grip is among star trek fans. A credit card number is often required to further research male-aggregate, dimensional evolution but the cost is well worth the reward.
Your male-aggregate make female creatures breathy with contempt! Make colossal your male aggregate with easy plastic money donation.
by Q Roberts January 12, 2008
Get the male-aggregate mug.by gpruitt February 13, 2014
Get the Aggravated Homicide mug.Not being able to get any love due to in-laws spending the weekend at your house leads to being manly aggravated.
by K Killa June 27, 2009
Get the Manly Aggravated mug.A principle that basically states that things of similar composition will eventually tend toward the same location because they are similarly affected by wind/ocean currents, magnetic fields, and other forces.
Examples are hairballs from dogs/cats and giant masses of condoms people have found in the ocean.
Examples are hairballs from dogs/cats and giant masses of condoms people have found in the ocean.
Brad: "...so that was like the third time this year that my sister has been hit in the face with bird shit! I wonder why that happens to her so much."
Jeremy: "Dude, haven't you ever heard of like aggregation? Dee dee dee!"
Jeremy: "Dude, haven't you ever heard of like aggregation? Dee dee dee!"
by Nicholas D November 28, 2006
Get the like aggregation mug.Academia: Nearly vertical, in terms of angles more than zero but less than 45 degrees
Slang: Stupid, Dumb or crazy
Slang: Stupid, Dumb or crazy
by IO247 October 3, 2023
Get the Aggregarious mug.