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-Refer to Exhibit 14-1

Question 93

Multiple Choice

-Refer to Exhibit 14-1.Starting from point A,a one shot,supply-side-induced inflation raises the price level in the economy to P<sub>2</sub>.Assuming no other changes,in the long run the economy is likely to settle at point A) A. B) B. C) C. D) D. E) E.
-Refer to Exhibit 14-1.Starting from point A,a one shot,supply-side-induced inflation raises the price level in the economy to P2.Assuming no other changes,in the long run the economy is likely to settle at point


A) A.
B) B.
C) C.
D) D.
E) E.

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