The aggregate demand curve gives
A) the total amount of real domestic output that will be purchased at each price level.
B) the total amount of nominal domestic income that will be purchased at each price level.
C) the total value of nominal GDP in an economy for a year, holding income and technology constant.
D) the total value of output produced by workers in both foreign and domestic markets at each price level.

Question

Quizplus · Accepted Answer

The aggregate demand curve shows the total demand for all goods and services at different price levels in an economy. It represents the relationship between the overall price level and the total amount of real output (measured by Gross Domestic Product) that buyers are willing and able to purchase.

The Aggregate Demand Curve Gives