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Aggregate supply is best described as the

total output of all products and services.
point of equilibrium.
nation’s real gross national product.
excess supply in the market.

User FeifanZ
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Answer:

Total output of all products and services.

Step-by-step explanation:

Aggregate supply is defined as the total amount of goods and services that firms are willing to sell, at a specific price, within a particular economy.

Aggregate supply is a macroeconomic concept, an aggregate variable, that is used in Keynesian and Neoclassical economics, often in models that put it together with aggregate demand, in what is known as the Aggregate Supply-Aggregate Demand model (AS-AD model).

User Jrhooker
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