Aggregate demand
The total demand for goods and services in the economy at a given overall price level.
Glossary
Macro terms, data terms, and platform terms in one place
Search matches term names, aliases, categories, and definitions.
Platform-specific workflow terms are marked separately from standard macro vocabulary.
Macro foundations
The total demand for goods and services in the economy at a given overall price level.
The difference between actual output and an estimate of potential output.
The level of output the economy can sustain without persistent inflation pressure.
Prices and inflation
Inflation pressure that emerges when demand runs ahead of the economy's ability to supply goods and services.
A framework linking inflation pressure to slack, labor-market tightness, or the output gap.
Policy and finance
A simple policy rule that links the interest-rate response to inflation and the output gap.