The Sum of Planned Levels of Consumption, Investment, Government Purchases

question 44

Multiple Choice

The sum of planned levels of consumption, investment, government purchases, and net exports, at a given price level, is called

• A) total production.
• B) aggregate supply.
• C) aggregate demand.
• D) aggregate expenditures.

---

Definitions:

Online Banking

A service provided by banks that allows customers to perform financial transactions remotely via the internet.

Entry Barrier

Product or service feature that customers expect from organizations in a certain industry; an organization trying to enter this market must provide this product or service at a minimum to be able to compete.

Bank

A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.

Buyer Power

The influence that customers have over a producing industry, often determining the market value and ensuring that services and products meet their needs.