Question

what are the component of aggregate supply? Explain​

Answer 1

Answer:

consumption and saving. A major portion of income is spent on consumption of goods and services and the balance is saved.

Answer 2

Answer:

hope it helps...

Explanation:

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).