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    Exam 17: Monetary Theory I: the Aggregate Demand and Aggregate Supply Model
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    Which of the Following Is the Correct Expression for Short-Run
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Which of the Following Is the Correct Expression for Short-Run

Question 68

Question 68

Multiple Choice

Which of the following is the correct expression for short-run aggregate supply in the new classical view?


A) YP = Y + a(P - Pe)
B) Y = YP + a(P - Pe)
C) YP = Y + a(P + Pe)
D) Y = YP + a(P + Pe)

Correct Answer:

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