Question : _________________________ refers to the money value of final goods and services that all the producers are willing to supply in an economy in a given period of time.
Option 1: Aggregate demand
Option 2: Aggregate supply
Option 3: Market demand
Option 4: Market supply
Correct Answer: Aggregate supply
Solution : Aggregate supply refers to the money value of final goods and services that all the producers are willing to supply in an economy in a given period of time. Hence, Option B is correct.
Question : ____________________ refers to the total value of final goods and services which all the sectors of an economy are planning to buy at a given level of income during a period of one year.
Question : __________________ refers to the situation in aggregate demand is less than the aggregate supply in the economy.
Question : The term "aggregate demand" refers to the total demand for:
Question : Effective demand refers to that level of aggregate demand which becomes effective because it is equal to aggregate supply.
Question : It refers to the total volume of money held by public at a particular point of time in an economy.
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