wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

______________ refers to the total amount of output which all the firms or producers are willing to produce in an economy.

A
Aggregate supply
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Aggregate production
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Market supply
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Market production
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Aggregate supply
Aggregate supply refers to the total amount of output which the all producers in the economy are willing to produce and supply in the economy at a certain level of employment given the factor pricing and general price level of the economy.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Open Economy Economics
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon