Multiple Choice
Aggregate demand is defined as
A) the demand for goods and services generated by all sectors in the economy, holding price level constant.
B) the relationship between the total quantity of goods and services demanded and the price level, all other determinants of spending unchanged.
C) the relationship between the total quantity of goods and services demanded and the supply of factors of production, all other determinants of production unchanged.
D) the relationship between the total quantity of goods and services demanded and the income level, all other determinants of spending unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
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