The First Agricultural Revolution Started ________ of Years Ago

question 197

Multiple Choice

The first agricultural revolution started ________ of years ago.

• A) thousands
• B) hundreds

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Definitions:

Open Economy

An economy linked to the rest of the world through international trade.

Equilibrium GDP

The level of GDP at which total demand for goods and services equals total supply in an economy, indicating a state of economic balance.

Aggregate Demand

The entirety of demand for goods and services within an economy, at a chosen general price level and throughout a specified time period.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing to sell at a given price level in a given time period.