The short-run aggregate supply curve represents the relationship between
A) the price level and the real output of goods and services in the economy without full adjustment or full information.
B) the price level and the real output of goods and services in the economy without full adjustment but with full information.
C) the price level and the nominal gross domestic product.
D) the decisions of producers and the decisions of consumers.
Correct Answer:
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Q1: What is measured on the vertical axis
Q2: Short run changes in the _ can
Q4: If the price level kept increasing,the short-run
Q5: If the price level kept increasing,the _
Q6: Figure 8-1 Q7: Short run changes in the price level
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