Question

1. The amount of money we are willing to spend, at different price levels, for all products. (aggregate demand, aggregate supply, product demand, product supply)

2. The level of Real Domestic Output that� firms will produce at each price level. (aggregate demand, aggregate supply, product demand, or product supply)

3. Type of fiscal policy that is intended to increase spending. (expansionary policy,�growth policy, or�contractionary policy)

4. The council of economists appointed by the Prseident to assist in determining fiscal policy. (Council of Finance Advisors, Council of Economic Advisors,�or Economic Planning Council)�

Answer 1

Answer 1 Option A Aggregate demand

The amount of money we are willing to spend, at different price levels, for all products is considered as aggregate demand.Aggregate deemand is planned exxpenditure ,not a actual expenditure. Therefore, aggregate demand is the amount of money we are willing to spend at different price levels , for all the products.

Answer 2 Option B) aggregate supply

The level of Real Domestic Output that firms will produce at each price level is considered as aggregate supply.

Answer 3 Option A) expansionary fiscal policy

Expansionary fiscal policy is a policy adopted by the government to control the deflation . In it, government increases the government spending.

Answer 4 Option B Council of Economic Advisors.

Council of Economic Advisors. is appointed by the Prseident to assist in determining fiscal policy.