In a Diagram with the Inflation Rate on the Vertical

question 138

Multiple Choice

In a diagram with the inflation rate on the vertical axis and the real growth rate on the horizontal axis,the long-run aggregate supply curve is:

• A) upward sloping.
• B) downward sloping.
• C) a vertical line at the Solow growth rate.
• D) a horizontal line at the expected inflation rate.

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Definitions:

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