The correct answer is:
Aggregate supply is best described as the total output of all products and services.
Aggregate supply is the total amount of services and goods that companies can produce and sell at a given price level in a particular amount of time. The agregate supply curve shows the relation between price levels and the quantity of the product that the companies can provide.
A) TOTAL OUTPUT IS BEST DESCRIBED AS THE TOTAL OUTPUT OF ALL PRODUCTS AND SERVICES
