The aggregate supply curve shows
A) the total amount of planned production for an economy.
B) the various quantities of goods consumers will purchase.
C) that real GDP can only increase when the price level increases.
D) what an economy can produce if resource prices are constant.

Question

Quizplus · Accepted Answer

The aggregate supply curve represents the total amount of goods and services that producers in an economy are willing and able to supply at different price levels, reflecting planned production.

The Aggregate Supply Curve Shows