QUESTION IMAGE
Question
match the items.
a. the total number of goods an services available in a society
b. the total number of employed and unemployed people in an economy
c. a total of something made up of smaller parts put together
d. the total amount of goods and services that will be purchased in an economy
- labor force
- aggregate
- aggregate supply
- aggregate demand
Brief Explanations
- For item a: "Aggregate Supply" refers to the total goods and services available in an economy, so a matches 3.
- For item b: "Labor Force" is the total of employed and unemployed people, so b matches 1.
- For item c: "Aggregate" means a total made of smaller parts, so c matches 2.
- For item d: "Aggregate Demand" is the total goods and services to be purchased, so d matches 4.
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a. 3. Aggregate Supply
b. 1. Labor Force
c. 2. Aggregate
d. 4. Aggregate Demand