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The model of aggregate demand and aggregate supply explains the relationship between

a. the price and quantity of a particular good.
b. wages and employment.
c. real gdp and the price level.
d. unemployment and output.

1 Answer

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I believe the correct answer is A. The model of aggregate demand and aggregate supply explains the relationship between the price and quantity of a particular good. It is a macroeconomic model explaining the correlation of the price with the output of goods.
User Sean Lindo
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