As the price level increases,the ________ becomes increasingly steep.
A)short-run aggregate supply curve
B)aggregate demand curve
C)long-run aggregate supply curve
D)planned aggregate expenditure curve

Question

Quizplus · Accepted Answer

The short-run aggregate supply curve becomes increasingly steep as the price level increases due to the sticky prices of factors of production in the short run, leading to a decrease in output as prices increase.

As the Price Level Increases,the ________ Becomes Increasingly Steep