Question

The total quantity of an economy’s final goods and services demanded at different price levels is. Single choice.

(1 Point)

the aggregate supply

the aggregate demand

the Phillips curve.

the aggregate expenditure function.

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Answer 1

Answer:

the agreegrate demand curve

Answer 2

The total point of an economy's final goods and services is the (b) aggregate demand.

Definition of Aggregate Demand;

Aggregate demand- is the total amount of goods and services supplied within the market.

Features of Aggregate Demand;

• The aggregate demand is divided into four components;

1. Consumption- is buying and using the goods and services.
2. Investment- buying particular goods while investing money.
3. Government spending- the taxes are included in a articular amount of goods
4. Net exports- the particular amount of goods are sold through export and import.

• The consumption in the aggregate demand can change according to taxes, incomes, expectations of income.
• On the other side the exports and imports varies to the relative growth rates and prices.

Hence, Aggregate Demand is the total demand of the valuable goods and services.