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"A Beginners Guide To" Understanding Aggregate Supply: Key Concepts and Implications Aggregate supply is a crucial macroeconomic concept that represents the total supply of goods and services available in an economy at a given overall price level in a specified period. It plays a vital role in determining the total output and health of an economy. By understanding aggregate supply, policymakers, businesses, and economists can gauge economic performance, predict inflation rates, and make informed decisions to stimulate growth. One…
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