Aggregate Supply Curve: Definition & Overview

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which is one of the following is the best explanation of an aggregate supply curve?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. What is the shape of the aggregate supply curve in the long run?

2. What is the shape of an aggregate supply curve in the short run?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

What is the normal slope of the aggregate supply curve, and what can cause shifts to this curve? This quiz and corresponding worksheet will help you assess what you know about long- and short-term shapes of this curve.

Quiz and Worksheet Goals

In these assessments, you'll be tested on:

  • An explanation of the aggregate supply curve
  • The shape of the curve in the long run and the short run
  • Theories used to describe reasons for an upward sloping aggregate supply curve
  • An explanation for a shift in the short-run rather than long-run curve

Skills Practiced

This worksheet and quiz will allow you to test the following skills:

  • Reading comprehension - ensure that you draw the most important information about long run and short run aggregate supply curves
  • Making connections - use understanding of the concept of the link between price levels and the aggregate supply curve
  • Interpreting information - verify that you can read information regarding shifts in the aggregate supply curve and interpret it correctly
  • Information recall - access the knowledge you've gained regarding theories for an upward slope in the aggregate supply curve

Additional Learning

To learn more about this topic, review the accompanying lesson called Aggregate Supply Curve: Definition, Lesson & Quiz. This lesson covers the following objectives:

  • Describe the aggregate supply curve
  • Explain why the curve is vertical in the long run
  • List theories explaining the upward slope of the aggregate supply curve
  • List factors that result in a shift of the aggregate supply curve
Support