aggregate supply is best described as the\ntotal output of all products and services.\npoint of…

aggregate supply is best described as the\ntotal output of all products and services.\npoint of equilibrium.\nnations real gross national product.\nexcess supply in the market.

aggregate supply is best described as the\ntotal output of all products and services.\npoint of equilibrium.\nnations real gross national product.\nexcess supply in the market.

Answer

Answer:

total output of all products and services.

Brief Explanations:

Aggregate supply represents the total quantity of goods and services that all firms in an economy are willing and able to produce at a given price - level. It is the total output of all products and services in an economy. The point of equilibrium is related to where aggregate supply and aggregate demand meet. Real GNP is a measure of national income. Excess supply is different from aggregate supply.