Skip Nav

Aggregate Supply in the Economy: Definition and Determinants

What Is Aggregate Supply?

❶Typically, we would like both inflation and unemployment to be low.

You must create an account to continue watching




It tends to lead to cravings… and hunger. This generally causes people to give up on their diet and gain the weight back. For this reason, most conventional weight loss methods have a terrible success rate.


Main Topics

Privacy Policy

Start studying Determinants of Aggregate Demand and Supply. Learn vocabulary, terms, and more with flashcards, games, and other study tools.

Privacy FAQs

The demand curve only shows the relationship between the price and quantity. If one of the other determinants changes, the entire demand curve shifts.

About Our Ads

Determinants of Aggregate Supply Changes in labor force: Anything that causes the amount of workers to increase in an economy will cause aggregate supply to increase or shift to the right. If the labor force decreases, the overall supply of goods and services will decrease also. Section Determinants of Aggregate Supply The graph below illustrates what a change in a determinant of aggregate supply will do to the position of the aggregate supply curve. As we consider each of the determinants remember that those factors that cause an increase in AS will shift the curve outward and to the right and those factors that cause a decrease in AS will shift the curve upward and .

Cookie Info

Learn aggregate supply determinants with free interactive flashcards. Choose from different sets of aggregate supply determinants flashcards on Quizlet. Aggregate Demand is an economic measurement of the total demand for final goods and services in an economy at a specific time period. It is congruent with the laws defining the Gross Domestic Product (GDP) of a country in the long run after price.