The figure below shows the short-run aggregate supply curve of an economy. If the actual price level exceeds the expected price level, then: A) equilibrium output is likely to be Y₂ in the short run. B) equilibrium output is likely to be Y₁ in the short run. C) equilibrium output is likely to be Y₃ in the short run. D) potential output is greater than actual output. E) unemployment is above the natural rate.

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The Answer of The figure below shows the short-run aggregate supply curve of an economy. If the actual price level exceeds the expected price level, then: A) equilibrium output is likely to be Y₂ in the short run. B) equilibrium output is likely to be Y₁ in the short run. C) equilibrium output is likely to be Y₃ in the short run. D) potential output is greater than actual output. E) unemployment is above the natural rate.

The Figure Below Shows the Short-Run Aggregate Supply Curve of an Economy