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    Economics A Contemporary Introduction
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    Exam 11: Aggregate Supply
  5. Question
    Exhibit 10-6 -In Exhibit 10-6,at Income Level Y<sub>1</sub>
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Exhibit 10-6 -In Exhibit 10-6,at Income Level Y1

Question 97

Question 97

Multiple Choice

Exhibit 10-6 Exhibit 10-6   -In Exhibit 10-6,at income level Y<sub>1</sub> A) potential output is less than actual output B) there is an expansionary gap C) the price level will rise D) aggregate supply will fall to restore equilibrium E) the actual unemployment rate is greater than the natural rate of unemployment
-In Exhibit 10-6,at income level Y1


A) potential output is less than actual output
B) there is an expansionary gap
C) the price level will rise
D) aggregate supply will fall to restore equilibrium
E) the actual unemployment rate is greater than the natural rate of unemployment

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