The general shape of the aggregate supply curve is
A)downward sloping.
B)upward sloping.
C)vertical.
D)horizontal.

Question

Quizplus · Accepted Answer

The general shape of the aggregate supply curve is upward sloping, meaning that as the price level increases, producers are willing to supply more goods and services to the market. This is because higher prices increase the profit of producers, making it more attractive for them to supply more output. Conversely, as the price level decreases, producers are less inclined to supply goods and services. Therefore, the aggregate supply curve slopes upward.

The General Shape of the Aggregate Supply Curve Is