What is aggregate supply ?
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Yogita Ingle 5 years, 4 months ago
Aggregate Supply is the money value of all final goods and services available for purchase by an economy during a given period. It is the flow of goods and services in the economy. Since, money value of final goods and services is equal to net value added, AS is nothing but the national income.
AS = C + S
Aggregate supply represents the national income of the country.
AS = Y (National Income)
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