Which of the following best defines the term aggregate output?
The total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system
The measure of economic growth that compares how much a system produces with the resources needed to produce it
The pattern of short-term ups and downs in an economy
The total quantity of goods and services produced by an economic system during a given period
The conditions of the economic system in which an organization operates
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