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Definition of Aggregate Supply
Total quantity of goods and services supplied.
Combinations of price level and income for which the labor market is in equilibrium. The short-run aggregate supply curve incorporates information and price/wage inflexibilities in the labor market, whereas the long-run aggregate supply curve does not.
A line representing equilibrium in the goods and services market, on a diagram with aggregate demand on the vertical axis and aggregate supply on the horizontal axis.
The amount of securities believed to be available for immediate purchase, that is, in the
M1-A: Currency plus demand deposits
As used in connection with project financing, an agreement to furnish a
n event that influences production capacity and costs in an economy.
New muni bond issues scheduled to come to market within the next 30 days.
the cooperative strategic planning,
Total quantity of goods and services demanded.
Combinations of the price level and income for which the goods and services market is in equilibrium, or for which both the goods and services market and the money market are in equilibrium.
aggregate demand for goods and services drawn as a function of the level of national income.
An equation determining aggregate output as a function of aggregate inputs such as labor and capital.
A situation in which supply exceeds demand.
Any measure of the economy's money supply.
Real Money Supply
Money supply expressed in base-year dollars, calculated by dividing the money supply by a price index.
An amount made available for sale, always associated with a given price.
View that incentives to work, save, and invest play an important role in determining economic activity by affecting the supply side of the economy.
A budgeting process using summary-level information to
The channels by which a change in the demand or supply of money affects aggregate demand for goods and services.
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