The effect of a supply shock on inflation and real GDP
A)depends on the initial expected rate of inflation.
B)depends on the response in the growth of nominal GDP.
C)depends on the level of natural real GDP.
D)both A and B are correct

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The Answer of The effect of a supply shock on inflation and real GDP
A)depends on the initial expected rate of inflation.
B)depends on the response in the growth of nominal GDP.
C)depends on the level of natural real GDP.
D)both A and B are correct

The Effect of a Supply Shock on Inflation and Real