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2 years ago

What term is used in macroeconomics to describe the total supply and the total demand? capital inflation aggregate equilibrium

Business

2 answers:

Mama L [17]2 years ago

8 0

Answer:

Explanation:

Juliette [100K]2 years ago

7 0

The term is used in macroeconomics to describe the total supply and the total demand is aggregate. Aggregate is also called total output.

<h3>What is microeconomics?</h3>

Macroeconomics is the study of the overall behavior and functioning of an economy. It concentrates on the economy's overall developments, such as unemployment, growth rate, GNP, and inflation.

Macroeconomics examines the economy's aggregate indicators as well as the microeconomics elements that influence it.

Macroeconomic models are used by the government and enterprises to aid in the formulation of economic policies and strategies.

Thus, option C, aggregate is used to describe the total supply in macroeconomics.

For more information about macroeconomics, click here

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