Aggregate Supply
Aggregate Supply Meaning:
The total supply of goods and services by an economy at a given price point in a given period of time.
The total supply of goods and services by an economy at a given price point in a given period of time.
Aggregate Supply Example:
An increase in aggregate demand, signaled by rising prices, should lead to an increase in aggregate supply.
An increase in aggregate demand, signaled by rising prices, should lead to an increase in aggregate supply.