Aggregate demand
A)measures the amount of a nation's goods and services that people are willing to buy.
B)measures the amount of a nation's labour, capital, and technology that people are willing to buy.
C)is the relationship between the quantity of real GDP demanded and the price level.
D)increases when the price level falls.
E)increases when factor prices fall.

Question

Quizplus · Accepted Answer

Aggregate demand is the total quantity of goods and services demanded across all levels of an economy at a particular price level, showing the relationship between real GDP demanded and the price level.

Aggregate Demand