As the available technology improves, aggregate supply shifts to the right.
The whole supply of products and services produced within an economy at a specific overall price over a specific time period is known as aggregate supply, also known as total output. The relationship between price levels and the amount of output that businesses are prepared to produce is depicted by the aggregate supply curve. Usually, the level of prices and total supply have a positive connection.
Government "supply-side policies," which aim to raise productive efficiency and subsequently national output, focus on the aggregate supply.
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