The relationship between the quantity of goods and services supplied and the price level is called:
A) aggregate demand.
B) aggregate supply.
C) aggregate investment.
D) aggregate production.

Question

Quizplus · Accepted Answer

The relationship between the quantity of goods and services supplied and the price level is called aggregate supply. This relationship is typically shown by an upward sloping curve, indicating that firms are willing to supply more goods and services at higher price levels.

The Relationship Between the Quantity of Goods and Services Supplied