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The Short-Run Aggregate Supply Curve Shows That Higher-Than-Expected-Inflation Will Increase

question 218

True/False

The short-run aggregate supply curve shows that higher-than-expected-inflation will increase output and lower-than-expected-inflation will decrease output.


Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

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