Question 1
The quantity of output supplied at different price levels is represented by the
◦ production function.
◦ aggregate demand curve.
◦ aggregate supply curve.
◦ aggregate expenditures curve.
Question 2
The aggregate supply curve
◦ is the sum of the individual supply curves in the economy.
◦ is a market supply curve.
◦ embodies the same logic that lies behind an individual firm's supply curve.
◦ relates output with the price level.