Multiple Choice
If GDP was above trend for an 18-month period we would expect the following variables to change.
A) Unemployment to rise, inflation to fall, money supply to expand and real wages to rise.
B) Unemployment to rise, inflation to fall, money supply to contract and real wages to fall.
C) Unemployment to fall, inflation to rise, money supply to contract and real wages to fall.
D) Unemployment to fall, inflation to rise, money supply to expand and real wages to rise.
Correct Answer:

Verified
Correct Answer:
Verified
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