Which of the Following Most Accurately Describes the Aggregate Supply

question 98

Multiple Choice

Which of the following most accurately describes the aggregate supply curve?

• A) It shows the price level associated with firms' unit costs and markups for any level of GDP.
• B) It is the sum of all individual firms' supply curves.
• C) It is determined by the federal government.
• D) It shows firms' unit costs for each level of GDP.
• E) It shows the equilibrium level of GDP corresponding to each price level.

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