Inflation and output move in the same direction

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Question: Is it more likely that aggregate supply or aggre1. A person rents a house for $24,000 per year. The house can be purchased for $200,000, and the tenant has this much money in a bank account that pays 4 percent interest per year. Is buying the house a good deal for the tenant? Where does opportunity cost enter the picture? (Simplification: Ignore Insurance costs, equity appreciation opportunities, property tax, and maintenance costs implications of home ownership) gate demand is shifting if: a) inflation and output move in the same direction? b) inflation and output move in opposite directions? c) inflation and unemployment move in the same direction?

Reference no: EM133552778

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