What does the aggregate supply curve indicate?
A) the quantity of aggregate output that producers are willing and able to supply at each possible price level
B) the total quantity of a particular good that all producers are willing to supply at each possible price level
C) the total quantity of a particular good that all producers are willing to supply at the equilibrium price level
D) the quantity of aggregate output that producers are willing and able to supply at the equilibrium price level

Question

What does the aggregate supply curve indicate?  
A) the quantity of aggregate output that producers are willing and able to supply at each possible price level 
B) the total quantity of a particular good that all producers are willing to supply at each possible price level 
C) the total quantity of a particular good that all producers are willing to supply at the equilibrium price level 
D) the quantity of aggregate output that producers are willing and able to supply at the equilibrium price level

Quizplus · Accepted Answer

The aggregate supply curve indicates the quantity of aggregate output that producers are willing and able to supply at each possible price level.

What Does the Aggregate Supply Curve Indicate