Which of the following curves is illustrated as an upward sloping line?
A) the long- run aggregate demand curve
B) the short- run aggregate supply curve
C) the long- run aggregate supply curve
D) the short- run aggregate demand curve

Question

Quizplus · Accepted Answer

The upward sloping line is typically associated with the short-run aggregate supply (SRAS) curve, which shows how the quantity of goods and services supplied by firms in the short run responds to changes in the price level. As prices increase, firms are willing to produce more in the short run, leading to an upward sloping curve. The other curves listed do not necessarily have an upward sloping line.

Which of the Following Curves Is Illustrated as an Upward