Question

What is Aggregate Supply in Macroeconomics?

Answer 1

Explanation:

Aggregate supply is the total amount of money value of goods and services, (which is paid to the factor of production against their factor services) that all the producers are willing to supply in an economy.

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Answer 2

Answer:

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