What is the best way to describe aggregate demand?
A)quantity required to satisfy equilibrium
B)exports decrease;imports increase
C)amount of a country's goods and services demanded by household and firms throughout the world
D)individual's demand
E)domestic demand of foreign imports.

Question

Quizplus · Accepted Answer

Aggregate demand refers to the total demand for a country's goods and services by households, businesses, and governments within its own borders, as well as by foreign buyers. Option A describes equilibrium, not aggregate demand. Option B describes a shift in a country's trade balance, not aggregate demand. Option D is too narrow to be a complete definition of aggregate demand. Option E describes the demand for foreign imports, not domestic demand for goods and services.

What Is the Best Way to Describe Aggregate Demand