When the econmys actual price level exceeds the expected, Ask an Expert

Economics

When the econmys actual price level exceeds the expected price level in the short run:

A) the real wage of workers decline

B) the noinal wages of workers increase

C) firms decrease ooutput below the potential level

D) the economy produces the natural rate of output

E) cyclical unemployment in the economy falls to zero

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92197004

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