Which of the following is the correct expression for short-run aggregate supply in the new classical view?

A) YP = Y + a(P - )
B) Y = YP + a(P - )
C) YP = Y + a(P + )
D) Y = YP + a(P + )

B

Economics

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Discuss the problems associated with the Bretton Woods system.

What will be an ideal response?

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If the price of mozzarella cheese (an ingredient in pizza) declines, there will be:

A. a decrease in the quantity of pizza supplied. B. no change in the supply of pizza. C. an increase in the supply of pizza. D. a decrease in the supply of pizza.

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