If an Economy Is in Short-Run Equilibrium Such That the Level

question 296

Multiple Choice

If an economy is in short-run equilibrium such that the level of output is greater than the potential output:

• A) nominal wages will rise after some time.
• B) the economy is in long-run equilibrium.
• C) the short run AS curve will shift right over time.
• D) unemployment is much higher than its natural rate.

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