In the Classical model, the aggregate supply curve determines the
A) price level.
B) inflation rate.
C) level of output.
D) money supply.

Name: In the Classical model, the aggregate supply curve determines the A) price level. B) inflation rate. C) level of output. D) money supply.
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Question

Quizplus · Accepted Answer

In the Classical model, the aggregate supply curve shows the relationship between the price level and the level of output. Therefore, the answer is the level of output.

In the Classical Model, the Aggregate Supply Curve Determines the