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Price Misperception During a Positive Technology Shock Would Cause

Question 5

Multiple Choice

Price misperception during a positive technology shock would cause:


A) output or GDP to rise by less than it would without price misperception.
B) labour supply to fall by more than it would without price misperception.
C) the expected price level to fall more than the actual price level falls.
D) all of the above.

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