Price Misperception During a Positive Technology Shock Would Cause

question 59

Multiple Choice

Price misperception during a positive technology shock would cause:

• A)output or GDP to fall by more than it would without price misperception.
• B)labour supply to rise by less than it would without price misperception.
• C)the expected price level to fall more than the actual price level falls.
• D)all of the above.

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Definitions:

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