The Short-Run Aggregate Supply Curve Shows That a Change in Inflation

question 65

Multiple Choice

The short-run aggregate supply curve shows that a change in inflation will cause (a) change(s) in ________.

• A)output
• B)potential output
• C)expected inflation
• D)price shocks
• E)all of the above

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Definitions:

Standard Normal Distribution

A normal distribution with a mean of 0 and a standard deviation of 1, used as a basis for comparison in statistical analysis.

Greater Than

A mathematical comparison indicating that one quantity is larger than another.

Z-scores

A statistical measurement of a score’s relationship to the mean in a group of scores, indicating how many standard deviations an element is from the mean.

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one, commonly represented in statistics.