Which of the Following Best Describes the Relationship Between the Actual

question 41

Multiple Choice

Which of the following best describes the relationship between the actual price level and the expected price level in the long run?  

• A) The actual price level may be less than the expected price level. 
• B) The actual price level may be more than the expected price level. 
• C) The actual price level and the expected price level are equal. 
• D) The actual price level will likely be indeterminate.