Aggregate Supply refers to the total quantity of goods and services that producers in an economy are willing and able to supply at various price levels over a specific period. It reflects the overall production capacity of an economy and is influenced by factors such as labor, capital, technology, and resources. The Aggregate Supply curve typically slopes upward, indicating that as prices increase, producers are motivated to supply more goods and services. This relationship helps economists understand how changes in demand and prices can impact overall economic output and inflation.