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d. rising prices and falling output...
Read Moree. Output and the price level are unchanged from their initial values...
Read Moreb. Prices rise and output falls....
Read Moreb. Prices fall and output is unchanged from its initial value....
Read Morec. Prices fall and output falls....
Read Moreb. misperceptions theory of the short-run aggregate-supply curve...
Read Morea. sticky-wage theory of the short-run aggregate-supply curve...
Read Mored. when the economy is at the natural rate of unemployment...
Read Morea. lower prices increase the value of money holdings and consumer spending increases...
Read Mored. is vertical because an equal change in all prices and wages leaves output unaffected...
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