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In the Equation for the Short-Run Aggregate Supply Curve,π =

Question 48

Multiple Choice

In the equation for the short-run aggregate supply curve,π = In the equation for the short-run aggregate supply curve,π = + γ + ρ,an improvement in the credibility of monetary policy is represented by a change in ________. A) expected inflation B) the price shock C) the sensitivity of inflation to the output gap D) the output gap + γ In the equation for the short-run aggregate supply curve,π = + γ + ρ,an improvement in the credibility of monetary policy is represented by a change in ________. A) expected inflation B) the price shock C) the sensitivity of inflation to the output gap D) the output gap + ρ,an improvement in the credibility of monetary policy is represented by a change in ________.


A) expected inflation
B) the price shock
C) the sensitivity of inflation to the output gap
D) the output gap

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