A short-run aggregate supply curve shows the
A) amount of a particular good producers are willing and able to buy at a particular price,ceteris paribus.
B) real output (Real GDP)producers are willing and able to sell at different price levels,ceteris paribus.
C) real output (Real GDP)people are willing and able to buy and to sell at different price levels,ceteris paribus.
D) real output (Real GDP)people are willing and able to buy at different price levels,ceteris paribus.

Question

Quizplus · Accepted Answer

A short-run aggregate supply curve shows the real output (Real GDP) producers are willing and able to sell at different price levels, ceteris paribus. It represents the relationship between the price level and the quantity of aggregate output that firms are willing to supply, holding constant other determinants of aggregate supply such as input prices, technology, and the state of the capital stock.

A Short-Run Aggregate Supply Curve Shows the