Exhibit 11-2 -If the Actual Price Level in Exhibit 11-2 Is Lower

question 205

Multiple Choice

Exhibit 11-2
-If the actual price level in Exhibit 11-2 is lower than the expected price level, then

• A)equilibrium output might be Y₂ in the short run
• B)equilibrium output might be Y₁ in the short run
• C)equilibrium output might be Y₃ in the short run
• D)potential output is less than actual output
• E)unemployment is below the natural rate

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