Question

1. What is 'aggregate supply' in macroeconomics?
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Answer 1

Aggregate supply, also known as total output, is the total supply of goods and services produced within an economy at a given overall price in a given period. ... Typically, there is a positive relationship between aggregate supply and the price level.

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Answer 2

Answer:

Aggregate supply, also know as total output, is the total supply of goods and services produced within an economy at a given overall price in a given period. ... Typically, there is a positive relationship between aggregate supply and the price level.

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