2
RCMultiple Choice

Unit Test — Cumulative exam

Question 2 • $2526: Full: 2102320: Economics HONORS: NEW CREDIT

What term is used in macroeconomics to describe the total supply and the total demand?

Answer
c
capital
i
inflation
a
aggregate
e
equilibrium

Explanation

In macroeconomics, “aggregate” means the economy-wide total. Aggregate supply is the total amount of goods and services producers are willing to supply, and aggregate demand is the total amount consumers, businesses, and governments want to buy. Therefore, the correct choice is aggregate.

AI-written and checked against the verified answer.

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