a b c d e f g h i j k l m n o p q r s t u v w y z search

TeachMeFinance.com Aggregate Supply -- Also called total output, it is a fundamental concept in Supply-Side Economics. Aggregate supply is a summation over the quantities of goods and services available in the market at different price levels within a specified duration, say, a year. The related construct is aggregate demand or total spending, which is the total demand for goods (both consumer and producer) and services at varying levels of income. The graphical representation of aggregate supply shows the change in the willingness of firms to supply output as the price level varies. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.