Identify the Correct Statement About the Aggregate Supply Curve

question 22

Multiple Choice

Identify the correct statement about the aggregate supply curve.

• A)The aggregate supply curve is irrelevant for determining macroeconomic equilibrium.
• B)The aggregate supply curve shows the various quantities of a particular good that is produced in the economy.
• C)The aggregate supply curve shows an inverse relationship between price level and employment.
• D)The aggregate supply curve shifts inward with an increase in consumer spending, investment, government spending, and net exports.
• E)The aggregate supply curve relates total output in the economy to alternative price levels.

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