Solved

At Long-Run Equilibrium,inflation ___________ and Actual Output Is Equal to __________

Question 39

Multiple Choice

At long-run equilibrium,inflation ___________ and actual output is equal to __________.


A) equals the value determined by past expectations and pricing decisions;the level of output consistent with zero inflation
B) equals the value determined by part expectations and pricing decisions;the level of short-run equilibrium output consistent with that inflation rate
C) equals the value consistent with potential output;the level of output consistent with zero inflation
D) is stable;potential output
E) is stable;the level of output consistent with zero inflation

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions