The output of all the goods and services demanded in an economy at various price levels is called:________
a. the quantity-price locus.
b. aggregate demand.
c. economic production.
d. the price-output curve.

Respuesta :

The output of all the goods and services demanded in an economy at various price levels is called: aggregate demand

Option B is correct

What determines aggregate demand?

Aggregate demand is the total amount of goods and services in an economy that consumers are willing to pay for within a certain time period. Aggregate demand is calculated as the sum of consumer spending, investment spending, government spending, and the difference between exports and imports.

What increases aggregate supply?

In the short run, aggregate supply responds to higher demand (and prices) by increasing the use of current inputs in the production process.

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