What is Aggregate Supply (AS)? | Employment | Economics
Get the answer of: What is Aggregate Supply (AS)? Aggregate supply (AS) describes the behaviour and responsiveness of all producers (business firms) to price changes. The two main forces lying behind AS are: (i) The level of potential output (which depends on the state of the economy, i.e., whether it is at full employment or having unemployed resources), and (ii) [...]