The Lon-Run Aggregate Supply Curve Can Be Expressed by

question 81

Multiple Choice

The lon-run aggregate supply curve can be expressed by

• A)output as a function of potential output.
• B)inflation as a function of past inflation.
• C)inflation as a function of past inflation and output gap.
• D)output as a function of inflation and output gap.

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Definitions:

Hydraulic

Relating to a system operated by the motion and pressure of fluids, used in various applications including machinery and vehicle brakes.

Integral

Essential or necessary for completeness; often used to describe parts that are built as a single unit.

Electrical

Pertaining to the technology of electricity, including its generation, transmission, distribution, and devices or systems that use electrical power.

Drum In Hat

A miniature drum brake assembly housed within the hat of a rear disc brake rotor to serve as the parking brake.