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-Refer to Exhibit 14-1

question 95

Multiple Choice

  -Refer to Exhibit 14-1.Starting from point A,a one-shot,demand-side-induced inflation raises the price level in the economy to P<sub>2</sub>.Assuming no other changes,in the long run the economy is likely to settle at point A)  A. B)  B. C)  C. D)  D. E)  E.
-Refer to Exhibit 14-1.Starting from point A,a one-shot,demand-side-induced inflation raises the price level in the economy to P2.Assuming no other changes,in the long run the economy is likely to settle at point


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