The curve that shows how much GDP is demanded at various price levels is called
A) the aggregate expenditures schedule.
B) the consumption line.
C) aggregate demand.
D) aggregate supply.

Question

Quizplus · Accepted Answer

The curve that shows how much GDP is demanded at various price levels is called aggregate demand. The aggregate expenditures schedule and the consumption line also relate to the demand side of the economy, but they do not specifically show the relationship between GDP and price levels. Aggregate supply, on the other hand, shows how much output firms are willing and able to produce at different price levels.

The Curve That Shows How Much GDP Is Demanded at Various