Question : Aggregate supply refers to __________________.
Option 1: Actual output
Option 2: Desired output
Option 3: Both of the above
Option 4: None of the above
Answer (1)
25th Jan, 2024
Correct Answer:
Desired output
Solution :
Aggregate supply refers to only planned production or desired output during a given period of time. It does not refers to actual output.
Hence, Option B is correct.
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