Aggregate demand is defined as
A) the total dollar amount of goods and services that consumers, investors, foreigners, and governments plan to buy at a given price level.
B) the total dollar amount of goods and services that business produces and plans to sell at a given price level.
C) the demand for a materials used in concrete.
D) the demand for all the various types of goods and services consumed by a household.

Question

Quizplus · Accepted Answer

Aggregate demand refers to the total amount of goods and services that are demanded by all the different sectors in an economy, including consumers, businesses, investors, foreigners, and governments. It is expressed as the total dollar amount of spending that is planned at a given price level. This is different from the demand for a specific good or service, which only refers to the quantity of that good or service that consumers are willing and able to buy at a given price.

Aggregate Demand Is Defined as