Answer to Question #218334 in Macroeconomics for nish

Question

What is the difference between a change in the quantity supplied of Real GDP and a change in short-run aggregate supply?

Answer 1

The difference between a change in the quantity supplied of Real GDP and a change in short-run aggregate supply is that the short-run aggregate supply curve shows the quantity supplied of all goods and services at the different price levels. In contrast, its movement shows an increase or decrease in quantity supplied of Real GDP.