Aggregate Demand

question 101

Multiple Choice

Aggregate demand

• A)measures the amount of a nation's goods and services that people are willing to buy.
• B)measures the amount of a nation's labour, capital, and technology that people are willing to buy.
• C)is the relationship between the quantity of real GDP demanded and the price level.
• D)increases when the price level falls.
• E)both C and D are correct.

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Definitions:

Authoritative

Characterized by or exhibiting power or authority, often used to describe a commanding figure or a definitive source of information.

Inconsistent

Lacking in uniformity, stability, or agreement.

Permissive

A parenting style characterized by low demands with high responsiveness.

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