Unit 3.2(2): Variations in economic activity - aggregate supply(AS)

IB Economics: Unit 3.2(2): Variations in economic activity - aggregate supply(AS)

Aggregate supply is the total quantity of all goods and services the economy can produce at a given price level and in a given time period. At a microeconomic level we consider the supply of a particular good in a market produced by all the firms in that market. Aggregate supply adds together the supply of goods from all the markets in the economy.The link to the attached pdf is revision material from Unit 3.2(2) Variations...


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