The aggregate supply curve reflects the relationship between the price:
A) of a particular good and the quantity supplied by all firms producing that good.
B) of a particular good and the quantity supplied by the aggregate economy.
C) level and the quantity supplied of all goods in the economy.
D) level and the quantity of all goods purchased in the economy.

Question

Quizplus · Accepted Answer

The aggregate supply curve shows the relationship between the overall price level in the economy and the total quantity of goods and services that firms are willing and able to produce.

The Aggregate Supply Curve Reflects the Relationship Between the Price