Solved

At Short-Run Equilibrium,inflation ___________ and Actual Output Is Equal to __________

Question 87

Multiple Choice

At short-run equilibrium,inflation ___________ and actual output is equal to __________.


A) equals the value determined by past expectations and pricing decisions;potential output
B) equals the value determined by past expectations and pricing decisions;the level of 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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents