Aggregate Demand and Aggregate Supply
The difference between AD and AS is that AD only measures what people buy whereas aggregate supply measures what people produce. Aggregate supply refers to the quantity of goods and services that firms are willing and able to supply. Pin On Uni Life In this AS Economics revision webinar recording I summarise the key elements of what comprises aggregate demand and supply and explore the key factors that influence their level. . Aggregate Demand and Aggregate Supply. AQA Edexcel OCR IB Eduqas WJEC. Aggregate Demand is the total quantity of all goods and services consumed in an economy at all possible price levels at a given time. The other major difference lies in how they are graphed. Sometimes referred to simply as output. Aggregate supply AS is the supply of goods and services produced within an economy at a given time. 41 Aggregate Supply and Demand Building the Model. We speak of aggregate supply and de...