Respuesta :
Aggregate demand relates to the entire demand for goods and services across all GDP levels, and the phrase "aggregate demand refers to this" is TRUE.
What is aggregate demand?
Aggregate demand refers to the entire amount of demand for all completed goods and services produced in an economy.
Aggregate demand is the entire amount of money spent on certain goods and services at a specific price point and moment.
Aggregate demand is the total demand for goods and services across all GDP levels.
Aggregate demand represents all of the demand for these goods and services across the specified time period.
The determination of aggregate demand and gross domestic product (GDP) is the same, therefore they finally equalize.
As a result, changes in GDP are connected with changes in aggregate demand.
Therefore, aggregate demand relates to the entire demand for goods and services across all GDP levels, and the phrase "aggregate demand refers to this" is TRUE.
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Complete question:
Aggregate demand (ad) is the total demand at various GDP levels for goods and services within the economy.
TRUE/FALSE
