What is the slope of the AS curve?
A)Horizontal.
B)Upward-sloping.
C)Vertical.
D)Downward-sloping.
E)The same slope as the LAS curve.

Question

Quizplus · Accepted Answer

The AS curve is generally upward-sloping, meaning that as the price level increases, firms are willing to produce more goods and services in order to earn higher profits. However, the slope of the AS curve may differ depending on various factors such as the availability of resources and technology.

What Is the Slope of the AS Curve