If Okun's law is U -
= - 0.6 (Y -
) ,and the Phillips curve is π =
- 2.5 (U -
) + ρ,then the short-run aggregate supply curve is ________.
A) π =
+ 1.5 (Y -
) + ρ
B) π =
+ 4.2 (Y -
) + ρ
C) π =
- 2.5 (Y -
) + ρ
D) π =
- 2.5 (Y +
) + ρ
E) none of the above
Correct Answer:
Verified
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