Aggregate demand can be defined as:
A)the total spending by all consumers, business firms, government agencies, and foreigners in the United States.
B)the total amounts that all consumers, business firms, government agencies, and foreigners wish to spend on all final goods and services at various price levels.
C)the total spending by consumers, business firms, and government agencies in one year.
D)the total spending by consumers, business firms, and government agencies on final goods and services.

Question

Aggregate demand can be defined as:
A)​the total spending by all consumers, business firms, government agencies, and foreigners in the United States.
B)​the total amounts that all consumers, business firms, government agencies, and foreigners wish to spend on all final goods and services at various price levels.
C)​the total spending by consumers, business firms, and government agencies in one year.
D)​the total spending by consumers, business firms, and government agencies on final goods and services.

Quizplus · Accepted Answer

Aggregate demand refers to the total amount that all consumers, businesses, government agencies, and foreigners wish to spend on all final goods and services at different price levels. It is important to note that aggregate demand is a theoretical concept that assumes all these entities are willing and able to spend at various price levels.

Aggregate Demand Can Be Defined As