Question : ____________________ refers to the total value of final goods and services which all the sectors of an economy are planning to buy at a given level of income during a period of one year.
 

Option 1: Aggregate demand 
 

Option 2: Aggregate supply 
 

Option 3: Total expenditure 
 

Option 4: Total demand 
 

Question : The term "aggregate demand" refers to the total demand for:

Option 1: Individual goods and services
   

Option 2: All goods and services in an economy
 

Option 3: Imports and exports

Option 4: Government expenditure

Question : It refers to the total volume of money held by public at a particular point of time in an economy.
 

Option 1: Money Supply
 

Option 2: Money demand 
 

Option 3: Monetary policy
 

Option 4: Fiscal policy
 

Question : ___________________ causes the general price level to fall due to lack of demand for goods and services in the economy.
 

Option 1: Excess demand
 

Option 2: Deficient demand
 

Option 3: Excess supply
 

Option 4: Deficient demand
 

Question : _________________ refers to the situation in aggregate demand is more than the aggregate supply.
 

Option 1: Excess supply 
 

Option 2: Excess demand 
 

Option 3: Unemployment 
 

Option 4: Full employment