Aggregate Supply (AS)
0.0(0)
Studied by 0 people
Knowt Play
Learn
Practice Test
Spaced Repetition
Match
FlashcardsCard Sorting
1/3
There's no tags or description
Looks like no tags are added yet.
Study Analytics
Name | Mastery | Learn | Test | Matching | Spaced |
|---|
No study sessions yet.
4 Terms
1
New cards
Define aggregate supply.
The total value of goods/services firms are willing/able to supply at a given price level.
2
New cards
Why is AS important?
Allows sustainable growth without inflation; expands productive capacity.
3
New cards
Name factors affecting AS.
Productivity growth, cost of production, availability of resources, technological change, climatic conditions.
4
New cards
.
.
Note 
Flashcards (22)