Aggregate supply is a fundamental concept in economics that refers to the total amount of goods and services that an economy can produce at a given price level. Synonyms for aggregate supply include macroeconomic capacity, national output, and the economy's productive potential. Other terms that can be used interchangeably with aggregate supply include total supply, national supply, and overall production capacity. The term is often used in conjunction with the term aggregate demand, which refers to the total demand for goods and services in an economy. Understanding the relationship between aggregate supply and aggregate demand is crucial for policymakers and economists who aim to promote economic growth and stability.