If the Actual Price Level Is Lower Than the Expected

question 185

Multiple Choice

If the actual price level is lower than the expected price level reflected in long-term contracts,

• A) the actual rate of unemployment will be less than the natural rate of unemployment.
• B) the actual rate of unemployment will exceed the natural rate of unemployment.
• C) the natural rate of unemployment will rise.
• D) the natural rate of unemployment will fall.

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