- aggregate supply
- /ˌægrɪgət sə'plaɪ/ nounall goods and services on the market● Is aggregate supply meeting aggregate demand?
Dictionary of banking and finance. 2015.
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Aggregate supply — In economics, aggregate supply is the total supply of goods and services produced by a national economy during a specific time period. There are at least three different versions of this concept.1. Sometimes the Z curve in the Keynesian cross… … Wikipedia
Aggregate Supply — The total supply of goods and services produced within an economy at a given overall price level in a given time period. It is represented by the aggregate supply curve, which describes the relationship between price levels and the quantity of… … Investment dictionary
aggregate supply — /ˌægrɪgət sə plaɪ/ noun all goods and services on the market ● Is aggregate supply meeting aggregate demand? … Marketing dictionary in english
aggregate supply — The total supply of all the goods and services in an economy. J. M. Keynes made aggregate demand the focus of macroeconomics; however, since the 1970s many economists have questioned the importance of aggregate demand in determining the health of … Big dictionary of business and management
Aggregate Supply — Total supply of goods and services in the economy available to meet aggregate demand. The supply consists of domestically produced goods and imports … Financial and business terms
aggregate supply — total supply of goods and services in a national economy that can be used to satisfy aggregate demand … English contemporary dictionary
Lucas aggregate supply function — The Lucas aggregate supply function or Lucas surprise supply function, based on the Lucas imperfect information model, is a representation of aggregate supply based on the work of new classical economist Robert Lucas. The model states that… … Wikipedia
Supply-side economics — is an arguably heterodox school of macroeconomic thought that argues that economic growth can be most effectively created using incentives for people to produce (supply) goods and services, such as adjusting income tax and capital gains tax rates … Wikipedia
Aggregate demand — This article is about a concept in macroeconomics. For microeconomic demand aggregated over consumers, see Demand curve. In macroeconomics, aggregate demand (AD) is the total demand for final goods and services in the economy (Y) at a given time… … Wikipedia
Supply and demand — For other uses, see Supply and demand (disambiguation). The price P of a product is determined by a balance between production at each price (supply S) and the desires of those with purchasing power at each price (demand D). The diagram shows a… … Wikipedia