Question

The Aggregate Supply curve shows Group of answer choices the potential output of an economy at a given price level. the total quantity of output that firms will produce at a given price level. the downward sloping relationship between price level and output for suppliers.

Answer 1

-the total quantity of output that firms will produce at a given price level

Step-by-step explanation:

Aggregate supply curve reflects the output in terms of supply in an economy within a given period. It shows the amount/quantity of goods and services supplied given a certain price. Typically a supply curve is positive and therefore increases as price increases; businesses expand as they perceive increase in price.