The behavior of all households and firms together is known as
A) synchronized behavior.
B) synergy behavior.
C) aggregate behavior.
D) conglomerate behavior.

Question

Quizplus · Accepted Answer

The term used to describe the behavior of all households and firms together is aggregate behavior. This refers to the combined actions and decisions of all individual agents in an economy and is used to understand overall economic trends and patterns. Choices A, B, and D are incorrect because they either do not accurately describe this concept or are not commonly used economic terms.

The Behavior of All Households and Firms Together Is Known