components of aggregate supply
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Main components of aggregate supply are two, namely, consumption and saving. A major portion of income is spent on consumption of goods and services and the balance is saved. Thus, national income (Y) or aggregate supply (AS) is sum of consumption expenditure (C) and savings (S)
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Explanation:
main components of aggregate supply are two namely consumption and saving .A major proption of income is spent on consumption of goods and services and the balance is saved.
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