Final answer:
The short-run aggregate supply curve follows a positive relationship between the average price level and real output.
Step-by-step explanation:
The short-run aggregate supply curve follows a positive relationship between the average price level and real output. As the average price level increases, producers are willing to supply more real output.
For example, when the price level increases, firms experience higher profits, which can incentivize them to increase production. This leads to an upward-sloping short-run aggregate supply curve.
In contrast, the demand curve, aggregate demand curve, and supply curve do not necessarily have a positive relationship with the average price level and real output.
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