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Irina18 [472]
1 year ago
13

Aggregate supply (as) denotes, while holding the price of inputs fixed, the ________ that firms choose to produce and ________.

Business
1 answer:
Sedbober [7]1 year ago
6 0

Aggregate supply (as) denotes, while holding the price of inputs fixed, the <u>price level of output</u> that firms choose to produce and <u>GDP.</u>

<h3>What is aggregate supply?</h3>

Aggregate supply is when goods and service produced or manufacture are made available to buyers  or can be defined as the amount of goods produce and supply to the market at particular period of time.

Aggregate supply can tend to increase in a situation were the price of goods and services decrease or when the price of product fall.

Therefore, Aggregate supply donate, while holding the price of inputs fixed, the price level of output that firms choose to produce and Gross domestic product (GDP).

Learn more about Aggregate supply here:brainly.com/question/11889136

brainly.com/question/25749867

#SPJ1

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Explanation:

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Answer:

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Explanation:

Giving the following information:

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3 years ago
Which area of study involves microeconomics?
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3 years ago
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