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Suppose the Economy Is at Its Potential Output Level

Question 73

Multiple Choice

Suppose the economy is at its potential output level.Which of the following best describes the price level?  


A)  The actual price level is less than the expected price level. 
B)  The actual price level is greater than the expected price level. 
C)  The actual price level is the same as the expected price level. 
D)  The actual price level is NOT the same as its expected price level.

Correct Answer:

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