The aggregate supply curve shows
A)the total of all 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 planned production in an economy at different price levels, reflecting the relationship between the price level and the quantity of goods and services that producers are willing to supply.

The Aggregate Supply Curve Shows