What determines the total value of aggregate demand for U.S. real GDP?
A) the spending decisions of consumers, firms, and governments
B) the Congressional Budget Office
C) the Federal Reserve Board
D) Wall Street

Question

Quizplus · Accepted Answer

The total value of aggregate demand for U.S. real GDP is determined by the spending decisions of consumers, firms, and governments. This includes consumption spending by individuals, investment spending by firms, and government spending on goods and services. These factors collectively determine the level of demand in the economy and influence the overall level of economic activity. The other options, such as the Congressional Budget Office or the Federal Reserve Board, may have an impact on the economy, but they do not determine the total value of aggregate demand for U.S. real GDP. Wall Street, while an important economic institution, also does not determine aggregate demand.

What Determines the Total Value of Aggregate Demand for U