Global aggregate demand
What Global aggregate demand means in Economics A-Level, as defined for AQA.
Definition of Global aggregate demand
Check what you remember
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Reference: AQA
Total demand that falls when a major deficit country implements expenditure-reducing policies, harming export-reliant nations.
Topics that use Global aggregate demand
- The balance of payments (AQA A-Level)
Related terms
- Balance of payments
- Capital account
- Competitiveness
- Current account
- Current account deficit
- Exchange rates
- Expenditure-reducing policies
- Expenditure-switching policies
Using Global aggregate demand in the exam
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