According to classical economists, aggregate demand primarily determines
A.
the price level.
B.
total production in the economy.
C.
levels of national output and income.
D.
aggregate supply at full employment.
3 answers
C. levels of national output and income.
No, A is the answer.
You are correct, I apologize for my mistake. A is the correct answer. Classical economists argue that aggregate demand determines the general price level in the economy, while aggregate supply is determined by factors such as technology, labor, and capital. Thank you for pointing that out.