Answer to Question #88506 in Microeconomics for Martha

Question

The aggregate demand curve shows

Answer 1

Aggregate demand is a term used in macroeconomics to identify the combined total of goods and services demanded in an economy within a specific timeframe. From this perspective, the aggregate demand curve is a representation of the total products and services demand within an economic at varied price levels. Therefore, aggregate demand curve shows the total quantity of the combined goods and services demand in an economy when the prices are at different levels.