Aggregate supply is
A) the summation of all product supply curves.
B) the horizontal summation of all supply curves for services.
C) the stock of all goods in the economy.
D) the sum of all planned production in the economy.

Question

Quizplus · Accepted Answer

Aggregate supply represents 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. It is essentially the sum of all planned production in the economy, making option D correct.

Aggregate Supply Is