The aggregate supply curve represents levels of output that producers are willing to sell at
A)each level of the real interest rate.
B)each level of real GDP.
C)each price level.
D)each inflation rate.

Question

Quizplus · Accepted Answer

The aggregate supply curve represents levels of output that producers are willing to sell at different price levels. It shows the relationship between the price level and the quantity of real GDP that firms are willing and able to produce, holding other factors constant. Therefore, the correct choice is (C) each price level.

The Aggregate Supply Curve Represents Levels of Output That Producers