Question

Hello - I need assistance with this homework question, please. The aggregate supply curve of an...

Hello - I need assistance with this homework question, please.

The aggregate supply curve of an economy shows the relationship between the:

a.

goods that are not purchased during a given period and the wealth created during the given period of time.
b.

price level and the quantity of all goods sellers are willing and able to provide during a given period of time.
c.

price level and the total number of goods that consumers buy during a given period of time.
d.

amount of investment spending and the market interest rate of an economy.
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Answer #1

Solution-

The aggregate supply curve of an economy shows the relationship between the price level and the quantity of all goods sellers are willing and able to provide during a given period of time.

The correct option is B. the price level and the quantity of all goods sellers are willing and able to provide during a given period of time.

Reason-

The aggregate supply curve shows the relationship between the overall price level in the economy and total production by firms.

price level and the quantity of all goods sellers are willing and able to provide during a given period of time.
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