Multiple Choice
If the output gap is constant at minus 2 and the inflation rate has fallen from 6 percent to 5 percent,then next period's short-run aggregate supply curve might be ________.
A) π = 5 - 0.5 (13 - 15)
B) π = 5 + 0.5 (13 - 15)
C) π = 4 + 0.5 (13 - 15)
D) π = 5 + 2 (11 - 15)
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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