When the Actual Inflation Rate Is Equal to the Expected

question 187

Multiple Choice

When the actual inflation rate is equal to the expected inflation rate the economy will be ________ and the SP curve will ________.

• A)in long-run equilibrium;shift upward
• B)in disequilibrium,at an output level less than the natural rate of output;shift upward
• C)in short-run equilibrium;shift upward
• D)in short- and long-run equilibrium;be stable

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