StellarSRAS
The short-run aggregate supply curve (SRAS) represents the total quantity of goods and services that firms in an economy are willing and able to produce at different price levels, holding all other factors constant. Unlike the long-run aggregate supply, which is vertical at the economy’s potential output, the short-run aggregate supply curve is upward sloping. This upward slope reflects the fact that in the short run, the quantity of goods and services supplied increases as the price level rises.