The change in inventories, a component of the aggregate supply, comprises roughly 0.5% of GDP. The total amount of merchandise that businesses will produce and sell is known as aggregate supply, or real GDP. The positive association between price level and real GDP in the short run is demonstrated by the upward-sloping.
The aggregate supply curve, also known as the short run aggregate supply curve. The total amount of products and services produced in a given economy is shown as the aggregate supply. If the factor prices dropped, for instance, aggregate supply would increase as a result of the determinant.
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