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    Macroeconomics and the Financial System
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    Exam 12: Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment
  5. Question
    Both Models of Aggregate Supply Discussed in Chapter 12 Imply
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Both Models of Aggregate Supply Discussed in Chapter 12 Imply

Question 85

Question 85

Multiple Choice

Both models of aggregate supply discussed in Chapter 12 imply that if the price level is higher than expected, then output natural rate of output.


A) exceeds the
B) falls below the
C) equals the
D) moves to a different

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