As the maximum output level (real GDP)is approached,the aggregate supply curve

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As the maximum output level is approached, the aggregate supply curve becomes steeper. This is because firms have less spare capacity and need to start using more expensive inputs to produce more output, leading to higher costs and prices. Therefore, it becomes increasingly difficult and costly to increase production beyond a certain point, making the aggregate supply curve steeper.

As the Maximum Output Level (Real GDP)is Approached,the Aggregate Supply