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  3. Study Set
    Macroeconomics Study Set 39
  4. Exam
    Exam 14: Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment
  5. Question
    Both Models of Aggregate Supply Discussed in Chapter 14 Imply
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Both Models of Aggregate Supply Discussed in Chapter 14 Imply

Question 2

Question 2

Multiple Choice

Both models of aggregate supply discussed in Chapter 14 imply that if the price level is lower than expected, then output ______ natural rate of output.


A) exceeds the
B) falls below the
C) equals the
D) moves to a different

Correct Answer:

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