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Sagot :
This statement is true. Yes, all explanations for the slope of the short-run aggregate supply curve assume that the quantity of output supplied increases when the actual price level exceeds the expected price level.
The short-run aggregate supply curve is upward-sloping because the quantity supplied increases as the price rises. In the short term, companies have one fixed factor of production (usually capital). As the curve shifts outward, output and GDP increase at a certain price.
The short-run aggregate supply curve is upward-sloping because of the lag between product prices and resource prices, so it is profitable for firms to increase production when the price level rises. The long-run aggregate supply curve is vertical when the country is at full employment.
To know more about the short-run aggregate supply curve:
https://brainly.com/question/27064601
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