Multiple Choice Identify the choice that best completes the statement or answers the question. 1. Aggregate supply is best described as a. the amount buyers plan to spend on output b. a schedule or graph showing the relationship between inflation and unemployment C . a schedule or graph showing the trade-off between inflation and unemployment bos . a schedule o graph indicating the level of real output that will be purchased at each possible price level e . a schedule or graph indicating the level of real output that will be produced at each possible price level. 2. The formula for real interest rate is a. subtracting the nominal interest rate from the inflation rate b. subtracting the unemployment rate from the inflation rate c. multiplying the nominal interest rate by the price level d. dividing the nominal interest rate by the price level e. subtracting the inflation rate from the nominal interest rate discount mee decroom discount rate discount rate increase; Open Market Operations call