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

question 205

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Exhibit 11-2 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 Y<sub>2</sub> in the short run B) equilibrium output might be Y<sub>1</sub> in the short run C) equilibrium output might be Y<sub>3</sub> in the short run D) potential output is less than actual output E) unemployment is below the natural rate
-If the actual price level in Exhibit 11-2 is lower than the expected price level, then


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