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According to the figure above,which of the following statements is true?
Aggregate Supply
Aggregate supply is the total supply of goods and services that firms in an economy plan on selling during a specific time period.
Misperceptions Theory
The theory that suggests business cycles can result from the misinterpretation of economic data by firms and consumers.
Aggregate Demand
The comprehensive need for products and services within an economy at a specified price range and time span.
Aggregate Supply
The complete amount of products and services that businesses within a country's economy intend to sell over a certain period.
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