--%>

Define aggregate supply

Define aggregate supply: Aggregate supply is the money value of net or total supply of services and goods available for purchase by an economy throughout a given period.

   Related Questions in Microeconomics

  • Q : Output and pricing performance of firms

    Contestable markets theory recommends that even though an industry has only one producer, in that case the output and pricing performance of which firm will resemble which of a competitive industry as long like: (1) there are numerous active buyers in

  • Q : Law of Income Distribution by Pareto

    The theorist who asserted as, “When you redistributed the world’s income and wealth equally across the whole population, eighty percent of this would be back within the hands of the population’s top 20% in twenty years,” which

  • Q : Percentage change in quantity demanded

    The percentage change within quantity demanded along this demonstrated linear demand curve is: (w) greater than the percentage change within price in range b. (x) smaller than the percentage change within price in range a. (y) precise

  • Q : Quantity demands equivalent quantity

    These supply and demand curves for sugar propose that the: (1) demand price exceeds the supply price at quantity Q2. (2) technology should advance to allow output to develop to Q4. (3) quantity demanded equals quantity supplied at P1.

  • Q : Domestic production possibilities curve

    Refer to the following domestic production possibilities curve for Karalex. The gain to Karalex from specialization and international trade is represented by a move from: 1) A to B. 2) C to A. 3) C to D. 4) B to E.

    Q : Dilemma on labor monopsonist The labor

    The labor monopsonist will hire labor up to the point where the marginal: (i) Revenue product of the labor equivalents the wage. (ii) Resource cost of labor equivalents the salary. (iii) Revenue product of labor equivalents its marginal resource cost. (iv) Resource co

  • Q : Problem regarding Collective Bargaining

    Can someone please help me in finding out the accurate answer from the following question. The union strategy which probably outcomes the maximum wages for both the union members and other workers over long run is: (1) Limiting ent

  • Q : Buying on margin What does “ buying on

    What does “buying on margin” means?

  • Q : Monopolistic competition in the long run

    In the past 4 decades, the still increasing globalization of trade has caused the United State automobile market to evolve by: (i) highly concentrated oligopoly towards monopolistic competition. (ii) pure monopoly to pure competition. (iii) a cartel t

  • Q : Percentage of incomes persistently The

    The percentage of American families along with incomes persistently below the poverty line is around: (w) 1 2%. (x) 3 5%. (y) 5 7%. (z) 8 10%. Can anybody suggest me the proper explanation for given problem regardi