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Exhibit 16.4 -Refer to Exhibit 16.4. If the Fed Follows the Announced

Question 38

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Exhibit 16.4
Exhibit 16.4 -Refer to Exhibit 16.4. If the Fed follows the announced stable-price policy of keeping prices at P', short-run output at point _____ is less than the economy's potential output of _____. A) c, Q B) d, Q C) e, Q D) c, Q' E) d, Q'
-Refer to Exhibit 16.4. If the Fed follows the announced stable-price policy of keeping prices at P', short-run output at point _____ is less than the economy's potential output of _____.


A) c, Q
B) d, Q
C) e, Q
D) c, Q'
E) d, Q'

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