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Sandeep Singh
on Nov 16, 2024

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A rightward shift of the short-run aggregate-supply curve results in a more favorable trade-off between inflation and unemployment.

Short-Run Aggregate-Supply

The total supply of goods and services that firms in an economy plan on selling during a specific time period when some resources (e.g., wages and resource prices) are fixed.

Trade-Off

A scenario where one sacrifices a certain attribute or characteristic to gain another.

Inflation

A widespread rise in prices and a decrease in the value of money.

  • Understand the effects that variations in comprehensive demand and supply have on the economy.
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Dejah IlooveYoouNov 20, 2024
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