Aggregate Demand Is Defined as

question 45

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.

---

Definitions:

Hardball Tactics

Aggressive or forceful strategies used in negotiations or discussions to gain an advantage.

Bargaining Range

This term refers to the spread between the initial and final offer where negotiation is possible and both parties can find an acceptable agreement.

Resistance Points

The least favorable terms under which a party is willing to accept a negotiated agreement.

Public Pronouncement

An official statement or announcement made to the general public.