Aggregate Supply - Definition

Measures the total Volume of goods and services produced by an economy. In general, an increase in demand should lead to an expansion of aggregate supply in the economy. In the case of a mismatch between supply and Aggregate Demand overall, prices do change (Inflation / Deflation) to bring the economy back into balance.

Terms near "Aggregate Supply"

Aggregate supply curve
Aggressive growth fund
Aging schedule
Agreement among underwriters
AIG Performance of Service Index (Australia)
Albanian Lek
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