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The Big Picture: What is SRAS?

The Big Picture: What is SRAS?

AD/AS diagram showing SRAS shifting left and right with effects on price level and real GDP

In macroeconomics, Aggregate Supply (AS) represents the total output that firms in an economy are willing and able to produce at each price level.

2.2.5 Determinants of short-run aggregate supply Lesson

  1. A Level
  2. /Economics
  3. /2.2.5 Determinants of short-run aggregate supply