The short-run aggregate supply function plots planned production against ________.
A)planned expenditures
B)total employment
C)the price level
D)real GDP

Question

Quizplus · Accepted Answer

The short-run aggregate supply function shows the amount of output that firms are willing to supply at different price levels in the short run. Therefore, it plots planned production against the price level. Choices A, B, and D are incorrect because they do not directly relate to the short-run aggregate supply function.

The Short-Run Aggregate Supply Function Plots Planned Production Against ________