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In the AD-AS approach, what does the aggregate supply curve represent?
  • a)
    Planned consumption and investment
  • b)
    Planned consumption and saving
  • c)
    Total output and income
  • d)
    Government expenditure and savings
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
In the AD-AS approach, what does the aggregate supply curve represent?...
The aggregate supply curve represents the total output and income in the economy.
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In the AD-AS approach, what does the aggregate supply curve represent?a)Planned consumption and investmentb)Planned consumption and savingc)Total output and incomed)Government expenditure and savingsCorrect answer is option 'C'. Can you explain this answer?
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