The aggregate supply curve:
A)shows the level of real GDP produced in the economy at different possible price levels during a period of time.
B)is horizontal in the Keynesian range.
C)is vertical in the classical range.
D)all of these.

Question

Quizplus · Accepted Answer

The aggregate supply curve can be horizontal in the Keynesian range, vertical in the classical range, and it shows the level of real GDP at different price levels, so all statements are correct.

The Aggregate Supply Curve