The aggregate supply curve is defined as:
A) net national product.
B) the sum of wages, rent, interest, and profits.
C) the real GDP produced at different price levels.
D) the total dollar value of household expenditures.

Question

Quizplus · Accepted Answer

The aggregate supply curve represents the relationship between the total output (real GDP) produced by all the firms in an economy and the price level. It shows how much output firms are willing and able to supply at each price level.

The Aggregate Supply Curve Is Defined As