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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.1
What is the main difference between market demand and aggregate demand?
Market demand represents the demand for goods and services by consumers only.
Market demand shows the demand for one good/service at different prices, while aggregate demand shows the demand for all goods and services at different price levels.
Market demand measures production, while aggregate demand measures sales.
Market demand includes government spending, while aggregate demand does not.
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AP Macroeconomics - 3.1 Aggregate Demand
Key terms
Aggregate demand
Market Demand
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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