The short-run aggregate supply curve is drawn for a given:
A) output level.
B) price level.
C) expected price level.
D) level of aggregate demand.

Question

Quizplus · Accepted Answer

The short-run aggregate supply curve is drawn for a given expected price level, as it reflects how much output producers are willing to supply at different price levels, assuming the expected price level (and other factors like wages and resource prices) is constant.

The Short-Run Aggregate Supply Curve Is Drawn for a Given