At long-run equilibrium,inflation ___________ and actual output is equal to __________.
A) equals the value determined by past expectations and pricing decisions;the level of output consistent with zero inflation
B) equals the value determined by part expectations and pricing decisions;the level of short-run equilibrium output consistent with that inflation rate
C) equals the value consistent with potential output;the level of output consistent with zero inflation
D) is stable;potential output
E) is stable;the level of output consistent with zero inflation
Correct Answer:
Verified
Q80: When actual output equals potential output,there is
Q81: In a self-correcting model of the economy,recessionary
Q82: _ inflation will eventually move the economy
Q83: In a self-correcting model of the economy,expansionary
