Aggregate supply

Aggregate supply curve showing the three ranges: Keynesian, Intermediate, and Classical. In the Classical range, the economy is producing at full employment.

In economics, aggregate supply (AS) or domestic final supply (DFS) is the total supply of goods and services that firms in a national economy plan on selling during a specific time period. It is the total amount of goods and services that firms are willing and able to sell at a given price level in an economy.[1] Together with aggregate demand it serves as one of two components for the AD–AS model.

  1. ^ Blanchard, Olivier; Johnson, David (2012). Macroeconomics (PDF) (6th ed.). Pearson. ISBN 978-0-13-306163-5. Archived from the original (PDF) on 2024-02-10.

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