Category: General Knowledge | Last updated: 2026-09-18

Which economic term refers to the total demand for all goods and services produced in an economy at a given overall price level and in a given time period?

A) Aggregate Supply
B) Gross Domestic Product (GDP)
C) Aggregate Demand
D) Consumer Price Index (CPI)

Explanation

Aggregate demand represents the total spending on all goods and services in an economy at different price levels over a period of time, comprising consumption, investment, government spending, and net exports.

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