Aggregate Demand: Definition & Model

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is aggregate demand?

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1. What how does the aggregate demand curve slope?

2. What type of relationship is there between the price level and the aggregate quantity demanded?

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About This Quiz & Worksheet

What information does the aggregate demand model reflect, and what does this information mean for the demand for goods and services, spending and price levels? This quiz and worksheet will help you determine how much you know about these topics.

Quiz and Worksheet Goals

In these assessments, you'll be tested on:

  • The definition of aggregate demand
  • In which direction the aggregate demand curve slopes
  • The relationship between price level and aggregate demand
  • Reasons for the slope of the aggregate demand curve
  • Reasons for a shift in aggregate demand

Skills Practiced

This worksheet and quiz will allow you to test the following skills:

  • Reading comprehension - ensure that you draw the most important information about the aggregate demand model as a tool to measure pricing and demand
  • Making connections - use understanding of the concept of the effect of price level increases and decreases on aggregate demand
  • Information recall - access the knowledge you've gained regarding why there is a negative relationship between price level and demand

Additional Learning

To learn more about this topic, review the accompanying lesson called Aggregate Demand: Definition, Model & Quiz. This lesson covers the following objectives:

  • Define aggregate demand
  • Explain aggregate demand curve
  • List reasons for the slope of the aggregate demand curve
  • Discuss a shift in aggregate demand
  • Supply an illustration demonstrating the effects of a shift in aggregate demand
  • Offer situations that lead to this shift
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