Aggregate Demand Is the Total Quantity of Final Goods and Services

question 35

True/False

Aggregate demand is the total quantity of final goods and services that consumers,businesses,government and those living outside the country would buy at various different price levels.

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Definitions:

Parallel Distributed Processing

A computational approach in artificial intelligence and cognitive psychology, suggesting that information processing occurs through networks of interconnected units that operate in parallel.

Cognitive Psychologists

Specialists in the branch of psychology that studies mental processes including how people think, perceive, remember, and learn.

Unconscious

A segment of the psyche that the conscious mind cannot reach, yet it influences both behavior and emotions.

Unconscious Suppression

The involuntary act of pushing unwanted thoughts and memories out of conscious awareness.