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Exhibit 16-4 -In Exhibit 16-4, Short-Run Equilibrium Occurs

Question 32

Multiple Choice

Exhibit 16-4 Exhibit 16-4 -In Exhibit 16-4, short-run equilibrium occurs A) at point a B) at point b C) at point c, where the actual price level exceeds the expected price level D) at point c, where the actual price level is less than the expected price level E) at point c, where there is a contractionary gap
-In Exhibit 16-4, short-run equilibrium occurs


A) at point a
B) at point b
C) at point c, where the actual price level exceeds the expected price level
D) at point c, where the actual price level is less than the expected price level
E) at point c, where there is a contractionary gap

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