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On the Aggregate Supply Curve, When Short-Run Output Deviations Are πˉ\bar { \pi }

question 77

Multiple Choice

On the aggregate supply curve, when short-run output deviations are equal to zero, the y-intercept is equal to:


Definitions:

Calculate

To determine mathematically the amount or number of something.

Result

The outcome or consequence of an action, experiment, or process.

Numerator

The top number in a fraction that indicates how many parts of the whole or group are being considered.

Denominator

The bottom number in a fraction, indicating into how many parts the whole is divided.

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