An aggregate supply curve depicts the relationship between
A) the price level and nominal GDP.
B) household expenditures and household income.
C) the price level and the aggregate quantity supplied.
D) the price level and the aggregate quantity demanded.

Question

Quizplus · Accepted Answer

The aggregate supply curve shows the relationship between the overall price level in an economy and the total quantity of goods and services that producers are willing to supply. It reflects how much output producers are willing to create and sell at different price levels.

An Aggregate Supply Curve Depicts the Relationship Between