Multiple Choice
From a long-run equilibrium with x = p = pe = 10,a reduction in nominal GDP growth to 4 percent results in the long run in output of ________ and inflation of ________.
A) 100,10 percent
B) 100,4 percent
C) 94,4 percent
D) 94,10 percent
E) 96,4 percent
Correct Answer:
Verified
Correct Answer:
Verified
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