Which of the Following Is True of the Aggregate Supply

question 108

Multiple Choice

Which of the following is true of the aggregate supply curve?

• A)It shows the inverse relationship between prices and national output.
• B)It shows the positive relationship between the price level and the supply of all goods produced in the economy.
• C)It shows the amount of real GDP consumed at different price levels.
• D)It is a negatively sloped curve that shows the relationship between the price level and the cost of production of firms in the economy.
• E)It shows the positive relationship between price and quantity supplied of an individual good.

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