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What is 'Aggregate Supply' in Macroeconomics? - Economics

Define aggregate supply?

What is 'aggregate supply' in macroeconomics?

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Solution 1

Aggregate supply means the total production of goods and services in the country at a given level of employment during the year.

Solution 2

Aggregate Supply refers to the aggregate production planned by all the producers during an accounting year. 
Concept: Concept of Aggregate Demand and Aggregate Supply
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