What is Aggregate Supply? | Aggregate Supply Explained | Overview | IB Macroeconomics

By Brad Cartwright on youtube.com

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In this video, you'll learn about aggregate supply, an important element of macroeconomics. Aggregate supply is the total supply of all goods and services produced in a country during a given period of time. It is combined with aggregate demand to create an equilibrium that can be used to effectively manage the economy. Understanding aggregate supply is an important part of economics and will help inform decisions made by politicians around the world.