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Question
Suppose that the short-run aggregate supply curve is: π= 2 + 1.5 (Y-10), where π is inflation and Y is output; and the aggregate demand curve is Y= 11 - 0.5π. The equilibrium output is ________ and the equilibrium inflation rate is ________ %.A. 10; 2
B. 17.5; 2
C. 2; 10
D. 10; 5
Answer
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Related questions
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