Aggregate _____ is the output of goods and services demanded at different price levels.
A) expenditures
B) demand
C) spending
D) supply

Question

Quizplus · Accepted Answer

The definition given in the question matches with the concept of aggregate demand, which is the total demand for goods and services in an economy at different price levels. Option A refers to the total amount spent on goods and services, but it doesn't specify the relation with price levels. Option C is a broader term that includes both spending and saving, and again, doesn't mention price levels. Option D refers to the total output of goods and services supplied by firms in the market, which is a different concept altogether. Therefore, the best choice is B.

Aggregate _____ Is the Output of Goods and Services Demanded