Aggregate supply is defined as
A) the total output that business produces and plans to sell at a given price level.
B) the total dollar amount of goods and services that consumers, investors, foreigners, and governments plan to buy at a given price level.
C) the total quantity of goods that sellers would like to sell during a given period, at various prices, holding other things constant.
D) the total quantity of goods that buyers would like to buy during a given period, at various prices, holding other things constant.

Question

Quizplus · Accepted Answer

Aggregate supply refers to the total amount of goods and services that producers in an economy are willing and able to supply at a given overall price level in a given time period.

Aggregate Supply Is Defined as