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Aggregate supply refers to ______. - Economics

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Question

Aggregate supply refers to ______.

Options

  • value of total goods and services produced in an economy.

  • it is depicted by 45° line originating from the point of origin.

  • it can be expressed as C + S

  • all of these

MCQ
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Solution

Aggregate supply refers to value of total goods and services produced in an economy, it is depicted by 45° line originating from the point of origin and it can be expressed as C + S.

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Chapter 12: Theory of Income and Employment - TEST YOURSELF QUESTIONS [Page 229]

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Frank Economics [English] Class 12 ISC
Chapter 12 Theory of Income and Employment
TEST YOURSELF QUESTIONS | Q 10. | Page 229
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