The total demand for goods and services in an economy is known as

Related MCQs

• A point where the quantity of goods being supplied is exactly the same as the quantity of goods being demanded is known as _______
• Where is exchange of goods and services take place?
• ______ is defined as a continuous increase in the general level of prices for goods and services
• If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to:
• The Practice Of Using Fiscal And Monetary Policy To Stabilize The Economy Is Known as
• The capital that is consumed by an economy or a firm in the production process is known as:
• From which policy government adjusts its spending levels and tax rates to monitor and influence a nation’s economy.
• Quantity of a certain goods producers are willing to supply when receiving a certain price is known as ______.
• By __ growth rate of an economy can be speeded up.
• According To The Classical Economists, The Economy