How do economists define aggregate demand?
A) as the total spending by all consumers, business firms, governments, and foreigners in Canada
B) as the total amount that all consumers, business firms, governments, and foreigners wish to spend on all final goods and services at various price levels
C) as the total spending by consumers, business firms, and governments in one year
D) as the total spending by consumers, business firms, and governments on final goods and services
Correct Answer:
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Q1: Vannah earned $250 000 in 2011 as
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Q7: If Rhonda's taxes rose by $20 000,other
Q8: Which of the following describes marginal propensity
Q9: What is the largest component of aggregate
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Q11: If Alice's taxes fell by $10 000,other
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