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The classical model of the price level:
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Q3: As people get used to inflation:<br>A)the short-run
Q9: If the economy is at potential output
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Q169: When actual output is above potential output
Q196: (Figure: Short-Run Phillips Curve) Look at the
Q208: (Figure: AD-AS) Look at the figure AD-AS.
Q236: (Figure: Expected Inflation and the Short-Run Phillips
Q247: According to a Keynesian economist, a recessionary
Q307: Monetarists argue that:<br>A)the Federal Reserve System should