3 questions on "Aggregate Demand and Aggregate Supply - Aggregate Supply"

What is the relationship between the economy's aggregate price level, and the total quantity of final goods and services or aggregate output producers are willing to supply at.
The aggregate supply curve
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What does a positive relationship between the price level and the quantity of output supplied  show us? Or why is the Aggregate supply curve upward sloping?
  • A rise in the in the aggregate price level leads to an increase in the quantity of output supplied
  • A fall in the in the aggregate price level leads to an fall in the quantity of output supplied
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How does a rise in productivity whatever the source (K,H,N,T), shifts the short-run aggregate supply curve?
  • A rise in productivity whatever the source (K,H,N,T),
  • increases the number of units of output a worker can produce with the same quantity of inputs
  • cost of output falls
  • increases the producers' profits
  • aggregate supply increases
  • shifts the short-run aggregate supply curve to the right
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