_____ is a composite measure of all final goods and services produced in an economy during a given period.
A) Aggregate demand
B) The aggregate demand curve
C) Aggregate supply
D) The aggregate supply curve
E) Aggregate output

Question

Quizplus · Accepted Answer

Aggregate output measures the total value of all final goods and services produced in an economy during a given period. This is typically measured using Gross Domestic Product (GDP), which includes consumer spending, government spending, investment, and net exports. Aggregate demand and aggregate supply relate more to the factors that determine prices and output levels in an economy.

_____ Is a Composite Measure of All Final Goods and Services