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प्रश्न
Ex ante aggregate supply in the fixed-price model is expressed algebraically as:
पर्याय
AS = \(\overline{C}\) + \(\overline{I}\)
AS = Y(1 − c)
AS = Y
AS = cY
MCQ
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उत्तर
Ex ante aggregate supply is AS = Y, since whatever the level of GDP, the same amount is supplied when the price level is fixed. This corresponds graphically to the 45° line, where the vertical coordinate (aggregate supply) equals the horizontal coordinate (GDP, Y).
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