Which of the following best characterizes what an aggregate demand curve depicts?
A) the quantity of goods and services demanded during a given time period at different interest rates, other things held constant
B) the final quantity of goods and services actually produced by the economy during a given time period, other things held constant
C) the quantity of goods and services demanded at different price levels during a given time period, other things held constant
D) the quantity of goods and services that the economy is capable of producing during a given time period, other things held constant

Question

Which of the following best characterizes what an aggregate demand curve depicts?  
A) the quantity of goods and services demanded during a given time period at different interest rates, other things held constant 
B) the final quantity of goods and services actually produced by the economy during a given time period, other things held constant 
C) the quantity of goods and services demanded at different price levels during a given time period, other things held constant 
D) the quantity of goods and services that the economy is capable of producing during a given time period, other things held constant

Quizplus · Accepted Answer

An aggregate demand curve depicts the quantity of goods and services demanded at different price levels during a given time period, other things held constant. It shows the relationship between the overall price level and the total quantity of goods and services demanded in the economy.

Which of the Following Best Characterizes What an Aggregate Demand