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.
Correct Answer:
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Q98: Positive spending shocks lead to _ output
Q99: A temporary negative supply shock _ real
Q100: Positive spending shocks lead to _ inflation
Q101: With downward-sloping monetary policy and IS curves,the
Q102: An autonomous easing of monetary policy results
Q103: A central bank that does NOT follow
Q105: Suppose that the short-run aggregate supply curve
Q106: A central bank that does NOT follow
Q107: In the long-run equilibrium
A)output is a function
Q108: The more willing monetary policymakers are to
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