The total demand for goods and services in an economy is known as:
A. Aggregate demand.
B. Gross national product.
C. Economy-wide demand.
D. National demanD.
Answer:A
The total demand for goods and services in an economy is known as:
A. Aggregate demand. B. Gross national product. C. Economy-wide demand. D. National demanD.
Explanation: The total demand for goods and services in an economy is known as Aggregate demand. Aggregate demand is an economic measure of the total amount of demand for all finished goods and services produced in an economy. Aggregate demand is expressed as the total amount of money spent on those goods and services at a specific price level and point in time.