10
QuizMultiple Choice

Investing and Financial Markets — Unit test

Question 10 • Personal Finance - EL3403

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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