The aggregate supply curve is a concept in macroeconomics that, with the addition of the aggregate demand curve, shows the equilibrium level of prices and quantity in an economy. It is also used to ...

AGGREGATE expenditure is the total amount spent of the economy’s output by all households, firms, foreigners as well as the government. The components of aggregate expenditure consist of household ...

Demand curves are useful for businesses as they provide a visual representation that graphs the relationship between a product or commodity and the amount consumers are willing or able to purchase at ...