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If Actual Real GDP (Q)is Permanently Greater Than Natural Real

Question 36

Multiple Choice

If actual real GDP (Q) is permanently greater than natural real GDP (YN) ,


A) the economy is off its short-run Phillips Curve.
B) the actual rate of inflation must be less than the expected rate.
C) the economy is on its long-run Phillips Curve.
D) there must be a continuous acceleration of inflation.

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