Which of the Following Statements Concerning the Aggregate Demand and Aggregate

question 516

Multiple Choice

Which of the following statements concerning the aggregate demand and aggregate supply model is correct?

• A)The aggregate demand and aggregate supply model is nothing more than a large version of the model of market demand and supply.
• B)The price level and quantity of output adjust to bring aggregate demand and supply into balance.
• C)The aggregate supply curve shows the quantity of goods and services that households, firms, and the government want to buy at each price.
• D)The aggregate demand shows the quantity of goods and services that firms are willing to produce at a given price level.

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