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Exhibit 10-2 -If the Actual Price Level in Exhibit 10-2 Is Lower

Question 58

Multiple Choice

Exhibit 10-2 Exhibit 10-2 -If the actual price level in Exhibit 10-2 is lower than 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 less than actual output E) unemployment is below the natural rate
-If the actual price level in Exhibit 10-2 is lower than 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 less than actual output
E) unemployment is below the natural rate

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