The slope of the aggregate supply curve shows that the ________ the price level,the ________.
A)higher;greater is the quantity of real GDP supplied
B)higher;smaller is the quantity of real GDP supplied
C)lower;greater is the quantity of real GDP supplied
D)higher;is the quantity of potential GDP supplied
E)lower;is the quantity of potential GDP supplied

Question

Quizplus · Accepted Answer

The aggregate supply curve is upward sloping, indicating that as the price level increases, the quantity of real GDP supplied also increases.

The Slope of the Aggregate Supply Curve Shows That the ________