Aggregate demand reflects
A) planned total spending in the economy.
B) planned total production in the economy.
C) both spending and production in the economy.
D) planned demand for consumer goods only.

Question

Quizplus · Accepted Answer

Aggregate demand represents the total amount of spending planned in the economy by households, businesses, and governments. It represents the overall demand for goods and services in an economy. It is not just limited to consumer goods, but also includes investments, government spending, and net exports. Therefore, option A is the correct answer.

Aggregate Demand Reflects