When the Economy Is Operating at a Point Where Output

question 10

Multiple Choice

When the economy is operating at a point where output is less than the natural level of output,which of the following occurs?

• A)the unemployment rate is greater than the natural unemployment rate.
• B)the price level is less than the expected price level.
• C)the price level will be lower next period than it is this period.
• D)all of the above
• E)none of the above

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