Also called carotid artery. either of the two large arteries, one on each side of the head, that carry blood to the head and that divide into an external branch supplying the neck, face, and other external parts, and an internal branch supplying the brain, eye, and other internal parts. adjective.
What is 'Aggregate Demand' Aggregate demand is an economic measurement of the sum of all final goods and services produced in an economy, expressed as the total amount of money exchanged for those goods and services. Since aggregate demand is measured through market values, it only represents total output at a given price level, and does not necessarily represent quality or standard of living.
Difficulty: E Type: D. Explain how aggregate quantity-demanded falls when the price level increases and the impact this has on interest rates and aggregate output. Aggregate quantity-demanded falls when the price level increases because the higher price level causes the demand for money to rise.With the money supply constant, the interest rate will rise to reestablish equilibrium in the money market. It is the higher interest rate that causes aggregate output to fall.t is a graph that shows the relationship between the aggregate quantity of output supplied by all firms in an economy and the overall price level. Difficulty: E Type: D. Explain why the aggregate supply curve is not a market supply curve.