--%>

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 : Short-run shutdown price The short-run

    The short-run shutdown price arises where price: (w) equals AFC at the minimum. (x) is below ATC and above AVC. (y) equals AVC at its minimum point. (z) is above MR. Hey friends please give your opinion for the pro

  • Q : Substitute goods in cross-elasticity of

    The cross-elasticity of demand among any pair of goods is positive when the goods are: (i) luxuries. (ii) necessities. (iii) complements. (iv) substitutes. Hey friends please give your opinion for the problem of

  • Q : Poverty line define officially Official

    Official poverty rates for U.S. families [the “poverty line”] are: (a) higher than in most other countries. (b) very similar for different types of families. (c) higher for the middle class than for lower class families. (

  • Q : Tendencies of price floors creating

    Price floors create tendencies for: (1) shortages since buyers demand more than firms produce. (2) lobbying through sellers for their elimination. (3) net increases within the satisfactions of consumers. (4) surpluses since firms creates more when hou

  • Q : Reliablity with standard economic

    Which of the given behaviors is least reliable with standard economic suppositions regarding consumer behavior? (i) Gustav cannot decide which of three distinct combinations of goods he favors. (ii) Lynn hates pickled herring; however Chris is willing

  • Q : Oligopolistic nature of industries The

    The oligopolistic nature of several industries is probably to be attributable to: (1) overly expansionary macroeconomic policies. (2) corporate instability. (3) economies of scale. (4) cooperative gaming. (5) unstable Nash equilibrium.

    Q : Discrimination and Income Differentials

    By 2000, the differential among the rich and the poor which can be attributed to economic discrimination was computed at: (w) approximately 60 percent. (x) approximately 30 percent. (y) under 10 percent. (z) zero.

  • Q : Social purposes served by firms I have

    I have a problem in economics on Social purposes served by firms. Please help me in the following question. The broad social purposes served by the firms do not comprise: (1) Coordination of team production. (2) Maximization of the stockholder gains. (3) Reduction of

  • Q : How Accounting profits differ from

    Can someone please help me in finding out the accurate answer from the following question. The Accounting profits differ from economic profits in such a manner that: (1) Accounting profits take into account of opportunity costs, whereas economic profits take into acco

  • Q : Total revenue by quantity

    If LoCalLoCarbo produces the profit-maximizing quantity and charges the profit-maximizing price, in that case its total revenue equals the area of the rectangle as: (i) 0P2fq4. (ii) bdP4P1. (iii) 0P4dq2