The aggregate supply curve has
A)a negative slope
B)a positive slope
C)a zero slope (a horizontal line)
D)an infinite slope (a vertical line)
E)a negative slope like the aggregate demand curve,only steeper

Question

Quizplus · Accepted Answer

The aggregate supply curve has a positive slope, which means that there is a direct relationship between the quantity of goods and services supplied and the price level. As the price level increases, producers are willing to supply more output because they can earn higher profits.

The Aggregate Supply Curve Has