Aggregate Supply & Its Factors

What this note covers

1. What aggregate supply means — and why it is the capacity side of the economy
2. Quantity and quality of the factors of production
3. Costs of production: the willingness driver
4. Technology and productivity: more output from the same inputs
5. Climate events and government regulation
6. Putting it together: AS shocks, the three goals and exam technique

6 sections · 14 key terms & formulas · 7 common mistakes