Answer to Question #338166 in Macroeconomics for Yaya

Question

In the AD-AS model, the aggregate supply curve is upward sloping because…

a. 

it illustrates the total real output supplied at each price level.

a. it illustrates the total real output supplied at each price level.

b. 

as the price level decreases, total production increases.

b. as the price level decreases, total production increases.

c. 

as the price level increases, total production decreases.

c. as the price level increases, total production decreases.

d. 

as the price of a good increase, quantity supplied increases.

Answer 1

c. as the price level increases, total production decreases.