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The Figure Below Shows the Short-Run Aggregate Supply Curve of an Economy.If

Question 143

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The figure below shows the short-run aggregate supply curve of an economy.If the actual price level exceeds the expected price level,then:​ ​
Figure 10.1
The figure below shows the short-run aggregate supply curve of an economy.If the actual price level exceeds the expected price level,then:​ ​ Figure 10.1   A) equilibrium output is likely to be Y<sub>2</sub> in the short run. B) equilibrium output is likely to be Y<sub>1</sub> in the short run. C) equilibrium output is likely to be Y<sub>3</sub> in the short run. D) potential output is greater than actual output. E) unemployment is above the natural rate.


A) equilibrium output is likely to be Y2 in the short run.
B) equilibrium output is likely to be Y1 in the short run.
C) equilibrium output is likely to be Y3 in the short run.
D) potential output is greater than actual output.
E) unemployment is above the natural rate.

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