In macroeconomics, _____________________ denotes the relationship between the total quantity of goods and services and the price level for output.
A. macroeconomic equilibrium
B. aggregate supply (AS)
C. aggregate demand (AD)
D. potential GDP
Answer:C
In macroeconomics, _____________________ denotes the relationship between the total quantity of goods and services and the price level for output.
A. macroeconomic equilibrium B. aggregate supply (AS) C. aggregate demand (AD) D. potential GDP
Explanation: Type: Multiple Choice