Aggregate demand and aggregate supply curves

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added blog Financial Services

2023-03-07 15:30:41 -

Key points Aggregate supply is the total quantity of output firms will produce and sell—in other words, the real GDP. The upward-sloping aggregate supply curve—also known as the short run aggregate supply curve—shows the positive relationship between price level and real GDP in the short run. The aggregate supply curve slopes up because...

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