The total of all planned expenditures in the entire economy is ...

[sabina]

The total of all planned expenditures in the entire economy is
 
  A) aggregate supply. B) LRAS.
  C) aggregate demand. D) the open economy effect.

Question 2

The Law of Demand states that:
 
  A) the demand for a commodity is mostly influenced by consumers' income.
  B) the quantity demanded of a commodity is the same for all consumers in a perfectly competitive market.
  C) the quantity demanded of a commodity varies inversely with the price of the commodity.
  D) the demand for a commodity always equals the supply of the commodity.

[duke02]

Answer to Question 1

C

Answer to Question 2

C

[sabina]

Thanks for the timely response, appreciate it

[Hdosisshsbshs]

Gracias!