ECON 2213 Lecture Notes - Aggregate Supply, Aggregate Demand, National Accounts

When national income in other nations increases:

A. Aggregate demand increases

B. Aggregate demand decreases

C. The quantity of real domestic output demanded decreases

D. The quantity of real domestic output demanded increases

In macroeconomics, _____________________ denotes the relationship between the total quantity of goods and services and the price level for output.

A) macroeconomic equilibrium

B) aggregate supply (AS)

C) aggregate demand (AD)

D) potential GDP