Economics (AS & A Level) · May / June 2022 · Paper 13 · Question 21

What is a correct description of an aggregate demand (AD) curve?

1. AIt is a curve obtained by adding the market demand curves of all consumer goods traded in an economy.
2. BIt is a curve determined by the horizontal summation of all individual consumer demand curves for a product.
3. CIt is a curve that shows the total amount of goods and services firms are willing to buy at a given price in an economy.
4. DIt is a curve that shows the total demand of all goods and services produced at all price levels in an economy.

As printed in the paper