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-Refer to the Graph in the Exhibit

Question 20

Multiple Choice

-Refer to the graph in the exhibit.Suppose the actual price level exceeds the expected price level.What might the equilibrium output be in the short run?   A)  Y₁  B)  Y₂  C)  Y<sub>3 </sub> D)  0
-Refer to the graph in the exhibit.Suppose the actual price level exceeds the expected price level.What might the equilibrium output be in the short run?  


A)  Y₁ 
B)  Y₂ 
C)  Y3 
D)  0

Correct Answer:

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