The aggregate supply curve is defined as:
A) the total dollar value of the economy's spending.
B) the total output of a country at different price levels.
C) the total output of a country assuming prices are held constant.
D) the total dollar value of a firm's cost of production.
E) None of the above

Question

Quizplus · Accepted Answer

The aggregate supply curve represents the total output of a country at different price levels, showing how much goods and services are supplied by producers at various prices.

The Aggregate Supply Curve Is Defined As