| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,780,789,730 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Aggregate Supply |
Also found in: Acronyms, Wikipedia | 0.02 sec. |
|
Aggregate Supply The total supply of goods and services in an economy at a given overall price and time. Aggregate supply is tracked on an aggregate supply curve, which plots supply against price. When prices are rising, this indicates that the aggregate supply is inadequate to meet aggregate demand; this leads businesses to expand their operations and produce more goods and services. In the short term, aggregate supply is responsive to price movements, but, in the long term, it only increases in response to increased productivity. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
1949 Roads, aggregate supply,
Bracebridge P1L 1T9 $20M+ asphalt paving, rock
705-645-2214/645-5025 excavation
www. The prospects
for the expansion of aggregate supply also appear to be quite favorable. The
real business cycle (Kydland and Prescott 1983 and 1990, Plosser 1989,
and Freeman and Kydland, 2000) which is based on micro foundations
argues that shocks to aggregate supply such as changes in technology are
the driving force for an expansion and contraction. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|