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According to the Misperceptions Theory,when P < Pe,output Is ________

question 88

Multiple Choice

According to the misperceptions theory,when P < Pe,output is ________ its full-employment level and the short-run aggregate supply curve must shift ________ to restore full employment.


Definitions:

Hemi-

Refers to a prefix meaning half or partial, often used in medical and scientific terminology to describe something that affects one side or part.

Hypertrophy

An increase in the size of an organ or tissue through the enlargement of its cells.

-trophy

A suffix indicating growth, development, or nourishment of tissues or organs.

-cide

The suffix "-cide" is used to form nouns indicating the act of killing or the agent that kills the entity specified by the root (e.g., insecticide, homicide).

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