Aggregate Supply

0.0(0)
studied byStudied by 0 people
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/4

encourage image

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.

5 Terms

1
New cards

Define Aggregate Supply

The volume of goods and services in terms of real GDP produced within the economy at a given price level at a given time

2
New cards

What does short-run AS show

The effects of changes in the costs of production on the economy in the short run

3
New cards

What does long run AS show

The long term impact of certain factors on the productive capacity of the economy

4
New cards

What are the three main causes of a shift in the SRAS curve

Changes in tax rates, changes in exchange rates, changes in the cost of raw materials and energy

5
New cards