The short-run aggregate supply curve:
A)Is a schedule showing the relationship between the price level and the quantity of real GDP supplied.
B)Is typically upward sloping.
C)reflects output prices changing relative to input prices.
D)all of the above

Question

The short-run aggregate supply curve:
A)​Is a schedule showing the relationship between the price level and the quantity of real GDP supplied.
B)​Is typically upward sloping.
C)reflects output prices changing relative to input prices.
D)​all of the above

Quizplus · Accepted Answer

The short-run aggregate supply curve is a schedule showing the relationship between the price level and the quantity of real GDP supplied. It is typically upward sloping and reflects output prices changing relative to input prices, hence all of the above statements are true.

The Short-Run Aggregate Supply Curve