aggregate demand schedule
Aggregate Demand Schedule
aggregate demand schedulea schedule depicting the total amount of spending on domestic goods and services at various levels of NATIONAL INCOME. It is constructed by adding together the CONSUMPTION, INVESTMENT, GOVERNMENT EXPENDITURE and EXPORTS schedules, as indicated in Fig. 4 (a).
A given aggregate demand schedule is drawn up on the usual CETERIS PARIBUS conditions. It will shift upwards or downwards if some determining factor changes. See Fig. 4 (b) .
Alternatively, the aggregate demand schedule can be expressed in terms of various levels of real national income demanded at each PRICE LEVEL as shown in Fig. 4 (c). This alternative schedule is also
drawn on the assumption that other influences on spending plans are constant. It will shift rightwards or leftwards if some determining factors change. See Fig. 4 (d) . This version of the aggregate demand schedule parallels at the macro level the demand schedule and DEMAND CURVE for an individual product, although in this case the schedule represents demand for all goods and services and deals with the general price level rather than with a particular price.