The Equation: Quantity of Output Supplied = Natural Rate of Output

question 61

Multiple Choice

The equation: quantity of output supplied = natural rate of output + a(actual price level - expected price level) ,where a is a positive number,represents

• A)an upward-sloping short-run aggregate supply curve
• B)a vertical short-run aggregate supply curve
• C)a downward-sloping aggregate demand curve
• D)None of the above is correct.

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Definitions:

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