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What's the aggregate demand curve?An aggregate demand curve shows the total spending on domestic goods and services at each price level. You can see an example aggregate demand curve below. Just like in an aggregate supply curve, the horizontal axis shows real GDP and the vertical axis shows price level.
What does the long run aggregate supply curve represent?long-run aggregate supply (LRAS)
a curve that shows the relationship between price level and real GDP that would be supplied if all prices, including nominal wages, were fully flexible; price can change along the LRAS, but output cannot because that output reflects the full employment output.
Which of the following is included in the aggregate demand for goods and services?Aggregate demand consists of all consumer goods, capital goods (factories and equipment), exports, imports, and government spending.
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