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According to the Misperceptions Theory,when P < Pᵉ,output Is ________

Question 22

Multiple Choice

According to the misperceptions theory,when P < Pᵉ,output is ________ its full-employment level and the short-run aggregate supply curve must shift to the ________ to restore full employment.


A) below;left
B) below;right
C) above;left
D) above;right

Correct Answer:

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