Aggregate demand is defined as:
A) one person's demand for goods and services
B) the lack of demand for goods and services
C) the total demand in a society or on a world level
For goods and services
D) none of the above

Question

Quizplus · Accepted Answer

Aggregate demand refers to the total demand for goods and services within a society or on a world level. It includes the demand of individuals, businesses, and governments, and is typically represented by the sum of consumption, investment, government spending, and net exports. Option A only refers to individual demand, option B describes a lack of demand, and option D is not correct as there is a correct answer provided.

Aggregate Demand Is Defined As