Multiple Choice
Figure 17-8. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves. On the right-hand diagram, "Inf Rate" means "Inflation Rate."
-Refer to Figure 17-8. The shift of the aggregate-supply curve from AS1 to AS2
A) results in a more favorable trade-off between inflation and unemployment.
B) results in a more favorable trade-off between inflation and the growth rate of real GDP.
C) represents an adverse shock to aggregate supply.
D) represents a favorable shock to aggregate supply.
Correct Answer:
Verified
Correct Answer:
Verified
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