Usually when I read online, I see the following repeated frequently: aggregate demand is equal to GDP. I understand that aggregate expenditures is the aggregate demand at a particular price level, and that sometimes AE will exceed GDP (causing growth in GDP) and vice versa, according to the Keynesian cross model.
Obviously at equilibrium, AS = AD = GDP. But I've never seen anywhere that aggregate supply in general is equal to GDP. Yet this definition makes more sense to me.
One definition that I've seen for aggregate supply is "the total supply of goods and services produced within an economy at a given overall price level in a given time period" (source). Another that I've seen is "the total supply of goods and services that firms in a national economy plan on selling during a specific time period" (Wikipedia).
Which of these definitions is correct? If it's the latter, I can see some obvious differences (it doesn't include inventories, for example). But if it's the former, that seems to be the same as GDP: "the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time." To rephrase, how is the concept of aggregate output distinguished from aggregate supply? I guess the first two questions should naturally answer this last one, since aggregate output is GDP.