A System-Wide Constraint Is Called A

question 43

Multiple Choice

A system-wide constraint is called a:

• A)rope.
• B)resource.
• C)drum.
• D)chain.

---

Definitions:

Aggregate Demand

The total demand for all goods and services in an economy at a given overall price level and in a specific time period, comprising of consumption, investment, government spending, and net exports.

Aggregate Supply

The aggregate amount of products and services that companies within an economy intend to sell over a certain period.

Price Level

The mean market price of all goods and services produced in the current economy.

Aggregate Demand

The total amount of goods and services demanded in an economy at a given overall price level and in a given time period.