This minimum proceed arising from the
sale of output resulting from a given
amount of employment called aggregate
price.
supply
demand
ООО
output
O investment
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Minimum proceed arising from the sale of output resulting from a given amount of employment is the aggregate supply price.
- Aggregate supply refers to the proceeds of sales from the desired amount of production during the accounting year in the economy.
- It is through this production only that the producer sector produces income in the economy at any given level of employment.
- They are the lowest evaluated selling proceeds of the output resulting from a given amount of jobs.
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