The aggregate supply curve is
A)upward sloping.
B)downward sloping.
C)a vertical line.
D)a horizontal line.
E)U-shaped.

Name: The aggregate supply curve is A)upward sloping. B)downward sloping. C)a vertical line. D)a horizontal line. E)U-shaped.
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Question

Quizplus · Accepted Answer

The aggregate supply curve is typically upward sloping because as the price level of goods and services increases, businesses are more willing to produce and supply more output to take advantage of the higher profit margins.

The Aggregate Supply Curve Is