The quantity of output supplied at ________ is represented by the aggregate supply curve.
A) varying interest rates
B) a constant money supply
C) different price levels
D) various levels of GDP

Question

Quizplus · Accepted Answer

The aggregate supply curve represents the quantity of output supplied at different price levels, holding all other factors constant. Varying interest rates (A) and a constant money supply (B) can affect the level of aggregate demand, but not the supply curve. Various levels of GDP (D) would result from movements along the aggregate supply curve, rather than affecting the shape of the curve itself.

The Quantity of Output Supplied at ________ Is Represented by the Aggregate