Which of the following is the aggregate supply curve?
A) $\tilde { Y } _ { t } = \bar { a } - \bar { b } \left( R _ { t } - \bar { r } \right)$
B) $\tilde { Y } _ { t } = \bar { a } - \bar { b } \bar { m } \left( \pi _ { t } - \bar { \pi } \right)$
C) $R _ { t } = \bar { r } - \bar { m } \left( \pi _ { t } - \bar { \pi } \right)$
D) $\pi _ { t } = \pi _ { t - 1 } + \overline { \boldsymbol { v } } \tilde { Y } _ { t } + \bar { a }$
E) $\left[ K _ { 1 } ( t + 1 ) \right] = s Y \downarrow t - d K \downarrow t$

Question

Quizplus · Accepted Answer

The aggregate supply curve, often represented as the Phillips curve, relates inflation to output and is expressed in option D.

Which of the Following Is the Aggregate Supply Curve? A) Y~t=aˉ−bˉ(Rt−rˉ)\tilde { Y } _ { t } = \bar { a } - \bar { b } \left( R _ { t } - \bar { r } \right)Y~t​=aˉ−bˉ(Rt​−rˉ)

Which of the Following Is the Aggregate Supply Curve?
A) $\tilde { Y } _ { t } = \bar { a } - \bar { b } \left( R _ { t } - \bar { r } \right)$