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Exhibit 11-2 -If the Actual Price Level in Exhibit 11-2 Exceeds the 11-2

Question 139

Multiple Choice

Exhibit 11-2 Exhibit 11-2 -If the actual price level in Exhibit 11-2 exceeds the expected price level, then A) equilibrium output might be Y<sub>2</sub> in the short run B) equilibrium output might be Y<sub>1</sub> in the short run C) equilibrium output might be Y<sub>3</sub> in the short run D) potential output is greater than actual output E) unemployment is above the natural rate
-If the actual price level in Exhibit 11-2 exceeds the expected price level, then


A) equilibrium output might be Y2 in the short run
B) equilibrium output might be Y1 in the short run
C) equilibrium output might 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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