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According to the Short-Run Phillips Curve, When Actual Real GDP

question 95

Multiple Choice

According to the short-run Phillips curve, when actual real GDP is _____ potential output, the price level _____ and the unemployment rate falls.


Definitions:

Specify the Age

To clearly state or identify the number of years someone or something has existed.

Active Voice

A sentence construction where the subject performs the action of the verb directly, leading to clearer and more concise communication.

Strong Verbs

Verbs that are specific, vivid, and convey precise actions or emotions, enhancing the clarity and impact of writing.

Concrete Nouns

Words that name physical objects, persons, or places that can be observed through one of the five senses.

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