Exhibit 16-4 -In Exhibit 16-4, Short-Run Equilibrium Occurs

question 32

Multiple Choice

Exhibit 16-4
-In Exhibit 16-4, short-run equilibrium occurs

• A)at point a
• B)at point b
• C)at point c, where the actual price level exceeds the expected price level
• D)at point c, where the actual price level is less than the expected price level
• E)at point c, where there is a contractionary gap

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Definitions:

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Face Game

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