At Short-Run Equilibrium Inflation ________ and Output Equals ________

question 10

Multiple Choice

At short-run equilibrium inflation ________ and output equals ________.

• A)equals the value determined by past expectations and pricing decisions; potential
• B)equals the value determined by part expectations and pricing decisions; the level of short-run equilibrium output consistent with that inflation rate
• C)equals the value consistent with potential output; the level of output consistent with zero inflation
• D)is stable; the level of output consistent with zero inflation

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Definitions:

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