Total planned OR desired spending in the economy as a whole within a given period is called:

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Aggregate demand represents the total planned or desired spending in the economy as a whole within a given period, including all forms of consumer, business, and government spending. Pent-up demand refers specifically to demand that has been postponed due to constraints such as supply shortages or lack of funds, and elastic demand refers to the sensitivity of demand to changes in price. Excess demand refers to a situation where demand exceeds supply, and the multiplier refers to the effect of a change in spending on overall economic activity.

Total Planned OR Desired Spending in the Economy as a Whole