Increases in inflation redistribute resources from ________-spending to ________-spending households and hence, ________ short-run equilibrium output.

Think about the following news items and label each as involving a what, how, or for whom question:

What will be an ideal response?

Which of the following best defines supply?

a. the amount of a good that producers want to sell at a particular price b. the amount of a good that consumers will buy c. the amount of a good that producers are willing and able to sell at each possible price, other things constant d. the amount of a good that producers are willing to sell at each possible price, other things constant e. the amount of a good that producers are willing and able to buy at each possible price, other things constant