If the price level rises, what will happen to aggregate supply curve?
A)It will shift outward.
B)It will shift inward.
C)Nothing.
D)It will get steeper.
E)It will get flatter.

Question

Quizplus · Accepted Answer

The aggregate supply curve represents the total quantity of goods and services that producers are willing to supply at a given price level. A rise in the price level does not shift the aggregate supply curve itself; instead, it results in a movement along the curve.

If the Price Level Rises, What Will Happen to Aggregate