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Munze Munze
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6 years ago
When the economy is operating at a point where output is less than the natural level of output, which of the following occurs?
A) the unemployment rate is greater than the natural unemployment rate.
B) the price level is less than the expected price level.
C) the price level will be lower next period than it is this period.
D) all of the above
E) none of the above
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
Authors:
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Macroeconomics, 6/E (Blanchard, Johnson)
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legendvpnlegendvpn
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Munze Author
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#2
5 years ago
Excellent answer!
Macroeconomics, 6/E (Blanchard, Johnson)
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