Economists often use an economic model that reflects the total amount of goods and services required at all possible price level

Question

3 years ago

6

Economists often use an economic model that reflects the total amount of goods and services required at all possible price level

s during a specific period of time. Which term is most often used to describe the information contained in this model?
A. business cycle
B. market self-regulation
C. money demand curve
D. aggregate supply and demand

Biology

1 answer:

pshichka [43] · Answer 1 · 2022-01-24T03:28:08+03:00

The answer is letter D.
<span>
Economists often use the aggregate supply and demand model to reflect the total amount of goods and services required at all possible price levels during a specific period. It reflects the overall price of foods and services in an economy for a given period and is often illustrated with the supply-demand curve. This shows the relationship between price levels and quantity of output that a particular firm is willing to provide to the general public.</span>