Meaning of aggregate supply

 

 

 

Aggregate supply

 

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Business glossary

 

Meaning of term aggregate supply :

 

Aggregate supply is the total of all planned production at each level of prices. It can therefore be considered as the total quantity supplied at every price level or the total of all goods and services produced in an economy in a given time period.

 

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Aggregate supply

 

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Meaning of term aggregate supply