City University of New YorkX tion 3 of 21 Ma Sapling Learnin

City University of New York.X tion 3 of 21 Ma Sapling Learning Please complete the following statement with the correct terms, and then adjust the graph blow to show the effect of deflation occurring in the economy The short-run aggregate supply curve slopes relationship between because it reflects a a measure of output, and negative Shot-Run Agpregate Supply e) Check Answer O Next Exa-

Solution

The short run aggregate supply curve slopes upward becasue it reflects a positive relationship between real Gdp, A measure of output and aggregate price.

Supply curve shows all the goods and service which an economy is willing an offer to sell for various price level.