Question

_______ supply is the total supply of all goods and services within an economy at a certain price level within a particular period of time?

Answer 1

Aggregate Supply is the total amount of goods and services in the economy available at all possible price levels within a particular period of time.

Step-by-step explanation:

Aggregate Supply is the total amount of goods and services in the economy available at all possible price levels. It represents the overall supply within an economy at a certain price level within a particular period of time. When the price level of a product rises, firms have an incentive to increase their product output, and if the price level falls, a company will reduce its output.