Aggregate supply is the:
A) total quantity of the production of all the households in the economy.
B) total quantity of goods and services demanded in the economy.
C) market value of the total quantity of goods and services demanded in the economy.
D) market value of the total quantity of goods and services supplied in the economy.

Question

Quizplus · Accepted Answer

Aggregate supply refers to the total quantity of goods and services supplied in the economy. Therefore, the correct answer is D, as it is the only choice that refers to the supply side of the economy. A, B, and C all refer to the demand side of the economy.

Aggregate Supply Is The