How is the aggregate supply curve for the economy related to the supply curves of individual producers?

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asked Dec 3, 2021 121k views

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Shafqat Masood · Answer 1 · 2021-12-09T03:28:30+0000

Answer:

The aggregate supply curve depicts the quantity of real GDP that is supplied by the economy at different price levels. Increases in the price level will increase the price that producers can get for their products and thus induce more output. ...

How is the aggregate supply curve for the economy related to the supply curves of individual producers?

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How is the aggregate supply curve for the economy related to the supply curves of individual producers?