The aggregate supply curve is a(n)________ curve because it represents the relationship between price level and the quantity of real GDP supplied,two items that are ________ correlated.
A)upward-sloping;negatively
B)downward-sloping;positively
C)upward-sloping;positively
D)downward-sloping;negatively
E)vertical;not

Question

Quizplus · Accepted Answer

The aggregate supply curve is upward-sloping, meaning that as the price level increases, the quantity of real GDP supplied will also increase. This relationship is positively correlated, as an increase in price level typically leads to an increase in production and supply of goods and services.

The Aggregate Supply Curve Is A(n)________ Curve Because It Represents