A movement along the short-run aggregate supply curve in response to a change in the price level is called a
A) determinant of aggregate supply.
B) revealed cost on aggregate supply.
C) change in aggregate supply.
D) change in the aggregate quantity of goods and services supplied.

Question

Quizplus · Accepted Answer

A movement along the short-run aggregate supply curve in response to a change in the price level represents a change in the aggregate quantity of goods and services supplied, not a change in the determinant or revealed cost on aggregate supply.

A Movement Along the Short-Run Aggregate Supply Curve in Response