The total supply of a country's output of all industries combined, usually assumed to be an increasing function of its price level in the short run but independent of the price level in the long [..]

Total supply of goods and services in the economy available to meet aggregate demand. The supply consists of domestically produced goods and imports.

The total (or aggregate) real production of final goods and services available in the domestic economy at a range of price levels, during a given time period. Aggregate supply (AS) is one half of the [..]

Definition A macroeconomic value equal to the sum of all goods and services produced in a particular time period.

A schedule (or graph) that shows the value of output (real GDP) that would be produced at different price levels. In the long run, the schedule shows a constant level of real GDP at all price levels, determined by the economy's productive capacity at full employment. In the short run, the aggregate supply schedule may show different levels of [..]

Gross domestic product as measured by the value of goods and services produced.

the total amount of goods and services available from all industries in the economy.

Is the relationship between the total quantity of goods and services supplied and the price level.

Another of the concepts introduced by John Maynard Keynes that still today are used in macroeconomic theories about the determination of the overall level of employment and national income. Like his c [..]