When actual inflation equals the value determined by past expectations and pricing decisions,and output equals the level of short-run equilibrium output consistent with that inflation,the economy is said to be in ________ equilibrium.
A) potential
B) short-run
C) long-run
D) full-employment
E) natural

Question

Quizplus · Accepted Answer

The Answer of When actual inflation equals the value determined by past expectations and pricing decisions,and output equals the level of short-run equilibrium output consistent with that inflation,the economy is said to be in ________ equilibrium.
A) potential
B) short-run
C) long-run
D) full-employment
E) natural

When Actual Inflation Equals the Value Determined by Past Expectations