AGGREGATE SUPPLY
The overall supply of goods and services made within an economy on the parameters of a given time period and a given overall price level. It is represented through an aggregate-supply curve, that describes the connection between the quantity of output that firms are willing to provide and its price levels. A positive relationship usually occur between the price level and the aggregate-supply. The increase of price usually signals businesses to produce more to meet the higher level of aggregate-demand.
May also be referred as "total output."
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 20:00 | Federal Budget Balance | Jun | |
| 00:00 | NZIER Business Confidence | 2 quarter | |
| 00:45 | Visitor Arrivals | May | |
| 01:01 | BRC Retail Sales Monitor | Jun | |
| 02:30 | Westpac Consumer Sentiment | Jul | |
| 03:30 | NAB Business Confidence | Jun | |
| 04:31 | Trade Balance | Jun | |
| 06:30 | Industrial Production | May | |
| 08:00 | Wholesale Price Index | Jun |
