Question

What is meant by Aggregate Supply ?

Answer 1

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Aggregate supply is the money value of the final goods and services or national product produced in an economy during 1 year. It is equal to income generated in the economy .

¶> { AD = C + S }.

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Answer 2

Answer:

Aggregate supply : refers to the production of goods and services in the economy as planned by the producers during an accounting year.

Explanation: