Question

Define AS curve. What is its shape? Explain the factors that influence the AS curve​

Answer 1

Answer:

In economics, aggregate supply is the total supply of goods and services that firms in a national economy plan to sell during a specific time period. It is the total amount of goods and services that the firms are willing to sell at a given price level in the economy. Aggregate supply is the relationship between the price level and the production of the economy.

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