Aggregate demand is
A)the quantity of real goods and services that will be demanded at various price levels.
B)a curve showing the positive relationship between the overall price level and the quantity of real GDP.
C)in the short run illustrated with an upward sloping curve.
D)the quantity of real output supplied at various price levels.

Question

Quizplus · Accepted Answer

Aggregate demand is the total quantity of goods and services that will be demanded at different price levels. It represents the total demand from consumers, businesses, and governments in the economy. Therefore, option A is the correct choice. Option B describes the aggregate supply curve, while option C is an incorrect description of the aggregate demand curve in the short run. Option D describes the quantity of real output supplied, which is not related to aggregate demand.

Aggregate Demand Is