Which of the Following Statements Concerning the Aggregate Demand and Aggregate

question 181

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) All of the above are correct.

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